☰ Revisor of Missouri


Chapter 370

< > Effective - 28 Aug 2020, 2 histories bottom

  370.235.  Employees handling funds of credit union to give surety bond. — As a condition precedent to qualification or entry upon the discharge of his or her duties, every person appointed or elected to any position requiring the receipt, payment of money or other personal property owned by a credit union or in its custody or control as collateral or otherwise, shall give a bond with some surety company, licensed to do business in this state, as surety thereon in such reasonably adequate sum as the director shall require and approve.  The term "reasonably adequate" as used herein, requires the director to have reasonable regard for the protection of the accounts and assets of the credit union.  In lieu of individual bonds, the director may accept a schedule or blanket bond which covers all of the officers and employees of any credit union whose duties include the receipt, payment or custody of money or other personal property on behalf of the credit union.  All bonds shall be in the form prescribed by the director.


(L. 1959 S.B. 127, A.L. 2020 S.B. 599)

---- end of effective  28 Aug 2020 ----

use this link to bookmark section  370.235

 - All versions
Effective End
370.235 8/28/2020
370.235 8/28/1959 8/28/2020

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House

@10:35:45.8 32 :(