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 369.194 – Accounts declared legal investments for fiduciaries.
Effective – 06 Jul 1994 369.194. Accounts declared legal investments for fiduciaries. — 1. Accounts in insured associations are legal and proper investments or depositaries for fiduciaries of every kind and nature, all political subdivisions or instrumentalities of this state, insurance companies, business and nonprofit corporations, charitable or educational corporations or associations, all financial institutions […]
Section 369.204 – Earnings of accounts, how determined and distributed.
Effective – 06 Jul 1994 369.204. Earnings of accounts, how determined and distributed. — Earnings, methods of calculating earnings and rate of earnings, including contractually fixed rates, and the minimum amount upon which earnings shall be paid shall be determined by the board of directors, and earnings shall be distributed on savings accounts at such […]
Section 369.209 – Withdrawal, how, when — failure to pay withdrawal applications, powers of director.
Effective – 06 Jul 1994 369.209. Withdrawal, how, when — failure to pay withdrawal applications, powers of director. — 1. Except for accounts which provide for a specified contractual time or notice or are subject to a pledge, and, subject to the right of the association to require advance notice of withdrawal, an account owner […]
Section 369.211 – Joint renters of safe deposit box — survivor’s rights.
Effective – 06 Jul 1994 369.211. Joint renters of safe deposit box — survivor’s rights. — Any association doing a safe deposit business may enter into a lease under which a safe deposit box is rented in the names of two or more persons, whether residents or nonresidents of this state, as joint renters. If […]
Section 369.179 – Accounts in trust, how handled.
Effective – 28 Aug 1983 369.179. Accounts in trust, how handled. — 1. An account owner who holds a certificate for an account indicating that such holder is trustee for a beneficiary or beneficiaries shall have the right to vote as a member if such account is in a mutual association as if such membership […]
Section 369.184 – Fiduciary accounts, how handled.
Effective – 28 Aug 1983 369.184. Fiduciary accounts, how handled. — 1. An association may accept accounts in the name of any personal representative, custodian, conservator or other fiduciary for a named beneficiary or beneficiaries, and any such fiduciary may open and make additions to, and may withdraw from any such account. Any payment to […]
Section 369.186 – Accounts payable to second named person upon death of first named person, how handled.
Effective – 28 Aug 1983 369.186. Accounts payable to second named person upon death of first named person, how handled. — 1. An association may contract for an account in the following form: “John Doe, pay on death to Henry Roe.” Such account shall, during the lifetime of the person first named in the account, […]
Section 369.189 – Deposits, form, terms and conditions, regulation of — director, imposition of restrictions and powers on associations, how.
Effective – 06 Jul 1994 369.189. Deposits, form, terms and conditions, regulation of — director, imposition of restrictions and powers on associations, how. — 1. An association may accept deposits in any form not prohibited by sections 369.010 to 369.369. 2. Deposits authorized by this section shall be upon any terms and conditions not prohibited […]