Effective - 28 Aug 2001
352.520. Department, duties — fines levied against qualified organizations for failure to comply. — The department of commerce and insurance may enforce performance of the requirements of sections 352.505 and 352.510 by sending a letter by certified mail, return receipt requested, demanding that the qualified organization comply with the requirements of sections 352.505 and 352.510. The department of commerce and insurance may fine the qualified organization in an amount not to exceed one thousand dollars per qualified charitable gift annuity agreement issued until such time as the qualified organization complies with sections 352.505 and 352.510. However, the failure of a qualified organization to comply with the notice requirements imposed pursuant to section 352.505 or section 352.510 does not prevent a charitable gift annuity that otherwise meets the requirements of sections 352.500 to 352.520 from constituting a qualified charitable gift annuity.
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(L. 1996 S.B. 768 § 5, A.L. 2001 H.B. 664)
Structure Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 352 - Religious and Charitable Associations — Charitable Gift Annuities
Section 352.010 - Incorporation of benevolent associations.
Section 352.020 - Character of associations which may incorporate.
Section 352.030 - May be formed to execute trusts.
Section 352.060 - Incorporation — procedure.
Section 352.070 - Amendment of charter.
Section 352.080 - Changing location — procedure.
Section 352.090 - Incorporated association may become fraternal benefit society.
Section 352.100 - Record kept.
Section 352.110 - Bylaws — provisions.
Section 352.120 - Dues — member's liability.
Section 352.130 - May acquire stock — power to hold real estate.
Section 352.140 - Benevolent corporations may be merged.
Section 352.150 - Proceedings to effect merger.
Section 352.160 - Property rights — how affected by merger.
Section 352.170 - Obligations not abated by merger.
Section 352.180 - Method of dissolution.
Section 352.190 - Application for dissolution — contents.
Section 352.200 - May oppose dissolution of association.
Section 352.210 - Decree of dissolution — disposition of property.
Section 352.220 - Certified copy of order filed with secretary of state.
Section 352.230 - Dissolved corporation to convey property to successor.
Section 352.240 - May be proceeded against by quo warranto, when.
Section 352.245 - Private foundations, prohibited activities.
Section 352.500 - Definitions.
Section 352.505 - Notice to department, contents.
Section 352.510 - Notice to donors, disclosure, required.
Section 352.515 - Issuance of annuity not business of insurance.