Missouri Revised Statutes

Chapter 362
Banks and Trust Companies


Rsmo Number Section Description
Chapter Cross Reference
All license, permit and certificate applications shall contain the Social Security number of the applicant, 324.024
Bonds of political subdivisions lawful security for trust and public funds, when, 108.290
Central credit union merger consolidation with bank or trust companies, requirements, 370.366
Check kiting, penalty, 570.220
Corporation laws applicable to banks and trust companies, when, 351.690
Definitions for chapter 362, 361.005
Depositaries of public funds to give security, 110.010
False entries in the records of a financial institution with intent to defraud or injure, penalty, 570.217
Information to be furnished on applicants or recipients of public assistance, duties, penalty, 660.325 to 660.355
Liquor as collateral for loan, repossession, sale by lending institution, no license required, 311.401
Mortgage insurance, restriction, condition, 443.415
Residential loans, imposition of fee by bank or lending institution to complete documentation not deemed practice of law, 484.025
Right to financial privacy act, 408.675 to 408.700
Safety deposit box contents, unclaimed property, right to fees, charges and possessory liens, 447.587
Savings banks organization, 369.670 to 369.714
Savings and loan association, conversion to, merger or consolidation with bank or trust company, procedure, 369.087
Savings promotion programs, authorized, conditions, 408.800 to 408.815
State banks of issue not to be created, Const. Art. XI § 13
Taxation of banks and trust companies, 148.010 to 148.110
Termite or wood-destroying insect inspection in real estate transactions, licensed applicator required, 281.116
Tobacco settlement financing authority, issuance of bonds, investment authorized, 8.545
Uniform electronic transactions act, 432.200 to 432.295
362.010 Definitions.
362.011. Trust business not engaged in, when--prohibition on use of words "trust company", when.
362.015. No private banks shall be established--who may incorporate--when.
362.020. Articles of agreement--contents.
362.023. Trust company may refuse demand deposits by its articles of incorporation, effect of.
362.025. Articles of agreement to be filed.
362.030. Director to examine as to character and capital.
362.035. Certificate of incorporation--issuance--to be filed.
362.040. Notice of refusal of certificate--appeal.
362.042. Restated articles of incorporation may be amended at time of restatement, manner.
362.044. Stockholders' meetings--notice--business by proxy, cancellation of meetings.
362.046. Bylaws, who may make, amend or repeal.
362.048. Emergency bylaws--when.
362.050. Cash capital required.
362.055. Capital stock--par value.
362.060. Change of par value--notice of meeting--when change effective--director to issue certificate.
362.063. Power to close transfer books.
362.067. Stock option plan for officers and employees--increase in shares--consideration.
362.070. Compensation for organizing bank or trust company prohibited--penalty.
362.073. Certain stock transfers or voting control changes must be reported to director of finance.
362.075. Issuance and sale of preferred stock shares--subject to director's approval.
362.077. Certain bank holding companies may not charter de novo bank or national bank, exceptions--purpose of law--severability clause.
362.078. Industrial loan companies and banks prohibited from maintaining facilities for banking purposes, definitions.
362.080. Stockholders may authorize issuance and sale, when--manner.
362.085. Banks or trust companies may provide for issuance and sale in articles of incorporation.
362.090. Par value of preferred stock issued and offered for sale.
362.095. Charter shall set forth terms and conditions governing call, redemption and retirement of shares.
362.100. Penalty.
362.105. Powers and authority of banks and trust companies.
362.106. Additional powers.
362.107. Branch banking allowed, requirements--director of finance to approve, appeals.
362.109. Restrictions on orders and ordinances of political subdivisions.
362.110. Federal Deposit Insurance Corporation subrogated to depositors' rights in closed state banks or trust companies.
362.111. Fees and service charges permitted, when, conditions.
362.112. Bank or trust company may act as custodian, when.
362.115. Bank may exercise powers of trust companies--application--examination--certificate--trust department.
362.116. Trust accounts, originated by one bank or trust company, administration by another--requirements.
362.117. State bank may become trust company--procedure.
362.118. Trust company may become state bank--procedure.
362.119. Investment in trust companies by bank, limitations--definitions.
362.120. Capital notes may be issued and sold by banks and trust companies.
362.125. Capital notes--denominations--rate of interest--maturity--impairment of capital--certain obligations to be prior claim.
362.130. Extension of time for retirement of capital notes.
362.135. Liquidation of assets--funds held in trust.
362.140. Branch offices in foreign countries--how established--amount to be invested.
362.145. Content of application--director may approve or reject--examination of branches.
362.150. Director may investigate branches--require banks to dispose of holdings.
362.155. Accounts of branches to be kept separately.
362.160. May purchase stock in corporations to develop and maintain market for foreign and domestic exchange.
362.165. Restrictions on taking and holding real estate.
362.169. Population defined for legal loan limit.
362.170. Unimpaired capital, defined--restrictions on loans, and total liability to any one person.
362.171. Bank officer making excessive loan--penalty.
362.172. Investment in stock of banks or bank holding companies--limitations.
362.173. Investments in small business investment companies.
362.175. Obligations issued pursuant to the Farm Credit Act or United States Housing Act authorized as legal investments and as security for public deposits.
362.180. Who may make Federal Housing Act loans.
362.185. Financial institutions may invest securities under Federal Housing Act.
362.190. May be used as security.
362.191. State employee compensation deductions authorized for investment by office of administration.
362.195. Applicability of sections 362.180 to 362.195.
362.197. Capital contributions and investments in obligations of Federal National Mortgage Association.
362.200. Money not to be employed in trade or commerce.
362.205. Account books, requirements--property, how carried.
362.207. Securities held in name of nominee.
362.220. Agreements to pay time deposit before maturity prohibited--penalty.
362.222. Checks to be paid at par--exceptions--penalty.
362.225. Reserve depositaries.
362.230. No new loans until depleted reserves are restored.
362.231. Reserve requirements, federal regulation to take precedence, when.
362.235. National bank may become state bank or trust company--procedure, effect.
362.240. Change from state to national bank.
362.245. Board of directors, qualifications--cumulative voting in electing director permitted when.
362.247. Board, quorum--directors not physically present, counted when.
362.250. Oath of directors to be subscribed and certified--to be filed by director--penalty.
362.253. Two or more directors to constitute an executive committee--when.
362.255. Tenure of office of directors.
362.260. Vacancies in board of directors.
362.265. Change of number of directors.
362.270. Organizational meeting of directors.
362.275. Monthly meeting of board--review of certain transactions--unanimous consent agreements permitted, when.
362.280. Examination by directors--exceptions.
362.285. Report of directors' examination--penalty.
362.290. Communications from director shall be submitted to directors and noted in minutes.
362.295. Reports to director--publication--penalty.
362.310. Surplus fund--composition--purposes.
362.315. Net income or loss for dividend period to be determined--income to be credited to surplus fund--undivided profits available for dividends.
362.325. Charter amended--procedure--notice--duty of director--appeal.
362.330. Bank may sell whole or any part of its assets or business--procedure.
362.331. Transfer of certain fiduciary capacities between affiliated banks and trust companies, procedure, liabilities--objection, procedure.
362.332. Fiduciary obligations and liabilities, bank or trust company may transfer to another bank or trust company, procedure--definitions.
362.333. Irrevocable life insurance trusts, banks and trust companies may transfer fiduciary obligations to bank or company with authorized trust authority.
362.335. Officers and employees--limitation on powers--appointment of president not required--chief executive officer not required to be member of board, when.
362.336. Fraudulent checks and drafts issued by bank or agent--penalty.
362.337. Bank officer concealing loans, misdemeanor--penalty.
362.340. Employees to give bond.
362.345. Penalties for receiving deposits when insolvent.
362.350. Officers, how sued--evidence of knowledge.
362.355. Administrators of deceased officers liable.
362.360. Interpleader in certain actions--funds may remain in bank--costs.
362.375. Adverse claim to deposit--not effectual, when--contract presented by third party, powers of bank or trust company.
362.385. Rate of interest.
362.405. Assessments by director of finance paid to director of revenue.
362.410. Preservation of books and records.
362.413. Reproduction of records--admissible in evidence--affidavit in lieu of appearance.
362.415. Prohibitions against encroachments upon certain powers of banks.
362.420. Prohibition of banking business.
362.421. Advertising as bankers, prohibited, when--penalty.
362.422. Disclosure of nonpublic personal information by financial institutions prohibited, rules, notice.
362.423. Foreign banks or foreign or federally chartered loan associations may acquire and enforce indebtedness secured by property in this state.
362.425. Use of sign or words indicating bank by unauthorized persons prohibited.
362.430. Conditions to be complied with by foreign banking corporations applying for license.
362.435. Foreign banking corporation may transact business in this state, when.
362.440. Licenses to foreign corporations--renewal.
362.445. Process defined--director of finance to accept service of process, when--fee.
362.450. Revocation of authorization certificate or license in certain cases.
362.455. Rights and privileges of foreign banking corporation under license--effect of revocation.
362.460. Reports of foreign banking corporations--penalties.
362.462. Relocation of main banking house in another state.
362.463. Out-of-state bank may relocate to this state.
362.464. Requirements for foreign bank to relocate in Missouri--application, contents--approval, effect--certificate, filing required--relocation of domestic bank, conversion of charter.
362.465. Deposits of minors.
362.466. Applicability of law--rights, powers, protections.
362.470. Joint deposits.
362.471. Pay-on-death accounts--form--effect--payments from.
362.475. Deposits of deceased trustee shall be paid to beneficiary.
362.480. Deposits of trustee, how paid out.
362.483. Safe deposit corporation may be granted a certificate of incorporation by director, when--purposes of corporation.
362.485. Special remedies available to banks doing a safe deposit business.
362.487. Joint renters of safe deposit boxes authorized--surviving joint renter opens box, lessor's option not required to be present.
362.488. Death of lessee, duties of lessor--additional duties by contract.
362.490. Banks exempt from furnishing security for insured deposits.
362.495. When payment and withdrawals may be suspended.
362.500. Shall notify finance director of suspension--duties of commissioner.
362.505. Audit of bank by director--approval of reopening plans.
362.510. When director shall liquidate.
362.515. Special deposits--nature--use.
362.520. Banks may close, when--bank holiday, effect of.
362.530. Contributions to charitable agencies.
362.550. Appointment as fiduciary--investments--handling of trust property--effect of merger or consolidation.
362.560. Trust guaranty fund.
362.570. Application of trust guaranty fund.
362.575. Personal representatives and other persons not liable as stockholders.
362.580. Common trust fund authorized.
362.590. Bond not required of banks and trust companies, when acting as fiduciaries.
362.600. Reciprocal corporate fiduciary powers--certificates of reciprocity.
362.610. Banks and trust companies may merge or consolidate.
362.620. Agreement for consolidation.
362.630. Agreement for merger.
362.640. Agreement for merger or consolidation.
362.650. Certified copies evidence.
362.660. Verified copies of agreement and proceedings shall be submitted to finance director.
362.670. Finance director shall certify finding within thirty days.
362.680. Agreement to be submitted to stockholders, when--exceptions, procedures.
362.690. Agreement binding, when.
362.700. Agreement for merger becomes effective, when.
362.710. Agreement for consolidation becomes effective, when.
362.720. Receiving or consolidated company shall issue new certificates for old, when.
362.730. Dissenting stockholder may receive reasonable value of his or her stock--limitation, petition, hearing, appointment of appraisers.
362.740. Finding and report of appraisers--compensation--notice to be given by clerk of court--minority discount.
362.750. Exceptions to appraisal, review, new appraisal, final judgment--stock to be surrendered.
362.760. Cost of proceedings, how taxed.
362.770. Corporate existence of old merged into new company--title to property.
362.780. New company succeeds to fiduciary relations of old.
362.790. New company liable for obligations of old.
362.800. Pending actions not to abate--substitution.
362.810. Trust and fiduciary relations of old companies continue in new.
362.820. Notice to director of division of finance prior to acquisition of trust company--disapproval of acquisition--exceptions--disapproval, grounds.
362.900. Declaration of intent.
362.910. Definitions.
362.915. Limitation on bank holding company--total deposits, how computed.
362.920. Procedure to obtain order allowing acquisition--duty of director.
362.923. Bank holding companies, examination of, when--considered new business entity, when.
362.930. Injunctive relief, when.
362.935. Director of finance to administer--rules and orders authorized.
362.940. Disclaimer as to implied repeal of other law.
362.945. Definitions--examinations, cooperative and reciprocal agreements to make examinations, when.
362.950. Affiliated entity of holding companies, transactions authorized--out-of-state transactions.

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