Section 370.020

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 370

Effective - 28 Aug 1984, 2 histories, see footnote   (history) 

  370.020.  Certificate of organization, contents — membership shares, minimum, maximum par value. — The certificate of organization shall state:

  (1)  The name of the proposed credit union and the city, town, or village in which its business office is located;

  (2)  The names and addresses of the subscribers to the certificate, and the number of shares subscribed by each;

  (3)  A statement that organization as a credit union is desired under this particular law;

  (4)  The par value of the general shares, which shall not exceed one hundred dollars;

  (5)  The par value of membership shares, if any, which shall not be less than twenty-five nor more than one hundred dollars.

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(RSMo 1939 § 5521, A.L. 1941 p. 331, A.L. 1945 p. 689, A.L. 1945 p. 718, A. 1949 H.B. 2091, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962)

Prior revision: 1929 § 5079