Revisor Home

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 369

previous next Effective - 28 Aug 1997bottom

  369.703.  Merger — conversion — trust powers — director's powers. — 1.  A savings bank may merge with or convert its charter to that of a bank pursuant to the provisions of section 369.087, to the same extent as if it were an association.

  2.  A savings bank may exercise trust powers upon filing an application for trust powers and receiving the approval of the director pursuant to chapter 362.

  3.  The director's powers in sections 361.260 to 361.269 and the procedures described in such sections shall apply to any savings bank and any director, officer, agent, employee or other person participating in the conduct of its affairs to the same extent such powers * and procedures apply to a bank and to any director, officer, agent, employee or other person participating in the conduct of such bank's affairs.

­­--------

(L. 1997 H.B. 257 § 369.435)

*Words "and powers" appear in original rolls.


---- end of effective   28 Aug 1997 ----

use this link to bookmark section  369.703


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

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@04:04:21.6 26