Revisor Home

Constitution

Effective 27 Feb 1945, see footnote bottom

  III Section 44.  Uniform interest rates. — No law shall be valid fixing rates of interest or return for the loan or use of money, or the service or other charges made or imposed in connection therewith, for any particular group or class engaged in lending money.  The rates of interest fixed by law shall be applicable generally and to all lenders without regard to the type or classification of their business.

­­--------

Source: Const. of 1945.

(1979) Section 370.300.1 violates Art. III, § 44 Mo. Const. in that it fixes rates of interest for a particular group or class lending money and is contrary to the requirement that rate of interest fixed by law shall be applicable generally to all lenders without regard to the type or classification of their business. St. Louis Teachers' Credit Union v. Marsh, et al. (Mo.), 585 S.W.2d 474.


< end of effective 27 Feb 1945 >

use this link to bookmark section III 44


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 Links
Oversight Library MO WebMasters
Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House
 © Missouri Legislature, all rights reserved.   Site errors / suggestions - webmaster@LR.mo.gov 

Marie Elizabeth Oliver
Our flag's story

google bing

 4