Section 369.329 – Branch offices and agencies, approval required, exceptions — application for approval, contents — approval, when — hearing, procedures.
Effective – 28 Aug 2011 369.329. Branch offices and agencies, approval required, exceptions — application for approval, contents — approval, when — hearing, procedures. — No association may establish or maintain a branch office or agency without the prior written approval of the director of the division of finance, except that temporary and incidental agencies […]
Section 369.334 – Reports may be required — examiners to have access to records.
Effective – 06 Jul 1994 369.334. Reports may be required — examiners to have access to records. — 1. Each association shall make such reports, verified if required, in such form as the director of the division of finance may from time to time require. 2. Each association shall be examined periodically, and may be […]
Section 369.249 – Director may regulate lending practices.
Effective – 06 Jul 1994 369.249. Director may regulate lending practices. — The director of the division of finance may from time to time establish such rules and regulations in respect to loans as may be reasonably necessary to assure that such loans are in keeping with sound lending practices and promote the purposes of […]
Section 369.254 – Association may invest in real property and mobile homes, when.
Effective – 06 Jul 1994 369.254. Association may invest in real property and mobile homes, when. — An association may: (1) Invest in such real property as the directors may deem necessary or convenient for the conduct of the business of the association; and (2) Invest in the acquisition of unimproved real estate lots, and […]
Section 369.212 – Death of all lessees of safe deposit box, duties of association.
Effective – 06 Jul 1994 369.212. Death of all lessees of safe deposit box, duties of association. — 1. In the event the sole lessee or all lessees as joint renters named in the lease agreement covering a safe deposit box rental shall die, the association by contract may accept the following additional duties: The […]
Section 369.214 – Redemption of accounts, how and when, effect of.
Effective – 06 Jul 1994 369.214. Redemption of accounts, how and when, effect of. — 1. An association may redeem, by lot or otherwise as the board of directors may determine, subject to approval of the director of the division of finance, all or any part of its accounts on an earnings payment date by […]
Section 369.219 – Approved investments.
Effective – 28 Aug 2000 369.219. Approved investments. — An association may invest in the following securities: (1) Obligations of, or obligations fully guaranteed as to principal and interest by, the United States or the state of Missouri; (2) Stock or obligations of any Office of Thrift Supervision or any successor thereto, of the Federal […]
Section 369.224 – Association to maintain liquid assets — minimum percentage, how set.
Effective – 06 Jul 1994 369.224. Association to maintain liquid assets — minimum percentage, how set. — Every association is required to maintain liquid assets in an amount not less than a minimum percentage established by the director of the division of finance. ——– (L. 1971 S.B. 3 § 44, A.L. 1983 H.B. 570, A.L. […]
Section 369.229 – Approved transactions and loans.
Effective – 01 Mar 2011, 2 histories 369.229. Approved transactions and loans. — 1. Every association may: (1) Make loans secured by its accounts to the extent of the withdrawal value thereof and unsecured loans to any account owner but not exceeding such amount individually or in the aggregate as may be established by the […]
Section 369.234 – Preference given association holding first lien.
Effective – 06 Jul 1994 369.234. Preference given association holding first lien. — An association may: (1) Make without limitation any advances necessary to protect the security of any loan or the priority of lien thereon which shall stand secured by such first lien irrespective of intervening liens; (2) If it holds a recorded first […]