Section 369.064 – Failure to commence business within six months, effect of.
Effective – 06 Jul 1994 369.064. Failure to commence business within six months, effect of. — Any association which shall not commence business within six months after the date upon which its corporate existence begins shall forfeit its corporate existence, unless the director of the division of finance, before the expiration of such six months’ […]
Section 369.134 – Reserve account required.
Effective – 06 Jul 1994 369.134. Reserve account required. — Each association shall establish a general reserve account, for the purpose of absorbing losses, and such other reserves as the director of the division of finance may require. The association shall maintain the general reserve account at such amount, make such transfers to the general […]
Section 369.010 – Short title.
Effective – 28 Aug 1971 369.010. Short title. — Sections 369.010 to 369.369 may be cited as the “Savings and Loan Law”. ——– (L. 1945 p. 1578 § 2, A. 1949 H.B. 2090, A.L. 1971 S.B. 3 § A)
Section 369.014 – Definitions.
Effective – 28 Aug 2011 369.014. Definitions. — As used in this chapter, unless the context clearly requires a different meaning, the following words and terms shall have the meanings indicated: (1) “Account”, the monetary interest of the owner thereof in the deposit capital of an association and consists of the withdrawal value of such […]
Section 369.019 – Incorporation, requirements, procedure, contents of petition, fees.
Effective – 28 Aug 2019, 2 histories 369.019. Incorporation, requirements, procedure, contents of petition, fees. — 1. Any five or more individuals, hereinafter referred to as incorporators, who are residents of this state may form an association to promote thrift and home financing. Any such association may be a mutual association or a capital stock […]
Section 369.024 – Director to approve or deny petition — tentative approval — protest, how filed — final approval, effect of.
Effective – 28 Aug 2011 369.024. Director to approve or deny petition — tentative approval — protest, how filed — final approval, effect of. — 1. Upon receipt of a petition for certificate of incorporation, the director of the division of finance shall, based upon the petition and all supporting information and upon such independent […]
Section 369.029 – Perpetual existence, when commenced.
Effective – 28 Aug 1971 369.029. Perpetual existence, when commenced. — The corporate existence of an association shall begin on the date the secretary of state issues the certificate of incorporation of the association, and such existence shall be perpetual unless terminated in accordance with the provisions of sections 369.010 to 369.369. ——– (L. 1971 […]
Section 369.034 – Incorporation fee, how computed, bond required.
Effective – 06 Jul 1994 369.034. Incorporation fee, how computed, bond required. — 1. The incorporators shall appoint one of their number as chairman. The incorporators of a mutual association, before a certificate of incorporation is issued, shall pay in cash to the chairman, as the initial accounts of the proposed association, an amount, fixed […]
Section 369.039 – Expense fund, mutual associations, purpose, amount — contributions, how repaid — associations exempted, when.
Effective – 06 Jul 1994 369.039. Expense fund, mutual associations, purpose, amount — contributions, how repaid — associations exempted, when. — 1. The incorporators of a mutual association shall also create an expense fund in an amount not less than one-half of the amount of initial accounts required by section 369.034 from which the expense […]
Section 369.044 – Bylaws, when and how adopted — approval by members.
Effective – 06 Jul 1994 369.044. Bylaws, when and how adopted — approval by members. — Within thirty days after the corporate existence of an association begins, or within such additional time as the director of the division of finance may allow, the directors of the association shall hold an organization meeting at which time […]