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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 362

previous next Effective - 28 Aug 1967bottom

  362.145.  Content of application — director may approve or reject — examination of branches. — 1.  The application shall specify the name, capital and surplus of the bank or trust company filing it, the amount of capital and surplus set aside for the purpose and the powers applied for, together with the place or places where operations are to be carried on, if the application is for permission to establish a branch or branches, and the location of the chief office of the bank or banks, corporation or corporations, if the application is for permission to invest in the stock of any such bank or corporation.

  2.  The director shall have power to approve or reject the application, in whole or in part, if, for any reason, the granting of the application is deemed inexpedient, and shall also have the power from time to time to increase or decrease the number of places where the banking operations may be carried on.

  3.  Every bank or trust company organized hereunder operating foreign branches shall be required to furnish information concerning the condition of the branches to the director, upon demand, and the director may order a special examination of the branches at such time or times as he may deem best.

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(RSMo 1939 § 7948, A.L. 1967 p. 445)

Prior revisions: 1929 § 5353; 1919 § 11736


---- end of effective   28 Aug 1967 ----

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