Missouri Revised Statutes
Chapter 370 - Credit Unions
Section 370.240 - Capital of credit unions.

Missouri Revised Statutes

Title XXIV - Business and Financial Institutions

Chapter 370 - Credit Unions

Section 370.005 - Definitions.

Section 370.006 - Division of credit unions created — transfer — salary of director.

Section 370.010 - Credit union, how organized.

Section 370.020 - Certificate of organization, contents — membership shares, minimum, maximum par value.

Section 370.030 - Bylaws, contents.

Section 370.040 - Approval by director, certificate, provisional issuance, fee, examination.

Section 370.050 - Change of business location — notice — approval required.

Section 370.060 - Amendments to bylaws, effective when.

Section 370.061 - Credit union commission, created, members, term, compensation — credit union representative defined.

Section 370.062 - Duties.

Section 370.063 - Appeals — rules — nonseverability clause.

Section 370.070 - Powers of a credit union.

Section 370.071 - Additional powers of a credit union — membership fee allowed, when.

Section 370.072 - Safe deposit boxes, to have same rights, powers and duties as bank and trust companies.

Section 370.073 - Fee or service charge authorized, when.

Section 370.075 - Investment of credit union funds.

Section 370.080 - Membership of credit union, membership shares not to be pledged as security for loans.

Section 370.081 - Merger and consolidation of credit unions — additional member groups and geographic areas — appeals.

Section 370.082 - Retroactive applicability.

Section 370.085 - Membership shares, uses — valuation — withdrawal — redemption — dividends.

Section 370.088 - Branches required to be located in geographic area of the credit union.

Section 370.090 - Operation without having filed certificate of approval prohibited.

Section 370.100 - Division director — powers — qualifications — examiners and assistants.

Section 370.101 - Oath required, when — conflict of interest, when — administrative subpoena powers.

Section 370.102 - Confidentiality oath required, exceptions — confidentiality of information.

Section 370.107 - Annual fee — how computed — division of credit unions fund, created, uses — salary schedule of division employees to be maintained.

Section 370.110 - Reports — when — penalty for late, inaccurate or incomplete.

Section 370.120 - Annual examination or audit report, exception — subpoena power.

Section 370.121 - Examination report to be sent to credit unions for corrections and suggestions before final — file to be maintained.

Section 370.130 - Penalty for noncompliance.

Section 370.140 - Director, cease and desist orders — grounds — hearing — procedure — review, temporary orders.

Section 370.150 - Director may order suspension, possession, reorganization, merger, consolidation, liquidation — when, procedure.

Section 370.151 - Reorganization — approval — procedure, failure — liquidation.

Section 370.154 - Powers of receiver.

Section 370.156 - Withdrawal applications voided, when.

Section 370.157 - Director may remove officers, procedure.

Section 370.158 - Court may approve or modify reorganization or merger plan.

Section 370.160 - Fiscal year.

Section 370.161 - Notice of intention to remove, contents, procedure.

Section 370.162 - Appeal to circuit court, when.

Section 370.163 - Suspension of director or officer permitted, when, procedure.

Section 370.164 - Suspension, effect on board of directors, procedure.

Section 370.165 - Effective date of notice of suspension.

Section 370.170 - Meetings and special meetings, voting — proxies, when — action at meeting.

Section 370.180 - Board of directors, committees — election — terms — oath.

Section 370.190 - Directors to elect officers — duties established by board or bylaws.

Section 370.200 - Duties of board — telephone or electronic participation at meetings.

Section 370.210 - Compensation not allowed for board of directors — approval of other salaries required.

Section 370.220 - Duties of credit committee — credit manager authorized, delegation of loan authority — appeal from decision — extension of credit, when.

Section 370.230 - Powers and duties of supervisory committee.

Section 370.235 - Employees handling funds of credit union to give surety bond.

Section 370.240 - Capital of credit unions.

Section 370.250 - Lien on shares, share certificates, deposits, share draft and checking accounts — effect.

Section 370.260 - Cancellation of shares — member to keep credit union informed of current address.

Section 370.275 - Trust accounts, requirements — beneficiaries' rights — payment a discharge of liability, when — death of trust account owner, procedure.

Section 370.283 - Minors may hold or release shares — subject to lien.

Section 370.285 - Retirement accounts and pension funds, authority to serve as trustee.

Section 370.287 - Jointly held shares, survival — effect of incapacity on joint tenancy — payment of shares, release and discharge of the credit union, when.

Section 370.288 - Refusal to make payment from account, when, requirements — immunity from liability, when.

Section 370.290 - Power to borrow money from any source.

Section 370.300 - Loans, interest rate — charges — refunds to members.

Section 370.310 - Limitations on loans — loans to directors and committee members, report required.

Section 370.320 - Reserve fund required.

Section 370.325 - Reserves, amounts required, waived when, procedure.

Section 370.328 - Reserve fund distribution, when.

Section 370.330 - Dividends, when declared — how paid.

Section 370.340 - Expulsion and withdrawal of members — refunds.

Section 370.350 - Dissolution of credit union, liquidation procedure, rulemaking authority.

Section 370.351 - Credit unions may merge — directors to approve plan, procedure.

Section 370.352 - Consolidation into new credit union — directors to approve plan.

Section 370.353 - Submission of plan to meeting of members or shareholders — notice.

Section 370.354 - Vote required for approval — director may approve, when.

Section 370.355 - Certificate of merger or consolidation, issued when — copies, where filed.

Section 370.356 - Shareholder may object to merger or consolidation, procedure — payment of value of shares.

Section 370.357 - Effect of merger or consolidation.

Section 370.358 - Foreign credit union may apply for certificate — transfer of domestic credit union to another state.

Section 370.359 - Conversion from state to federal or federal to state credit union, procedure.

Section 370.360 - Unauthorized use of words "credit union" a misdemeanor.

Section 370.362 - Insurance required, contents — failure to obtain or maintain, effect — exceptions — limitations of insurers.

Section 370.365 - Central credit union defined — how formed — fee, how determined.

Section 370.366 - Central credit union conversion, consolidation or merger with bank or trust company, when, requirements.

Section 370.390 - Foreign credit union may operate in state, requirements.

Section 370.395 - State employees, deductions from compensation authorized, requirements.

Section 370.400 - Credit union may act as custodian, when.