2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369 Savings and Loan Associations
Section 369.149. Mutual associations--liability and rights of members--rejection or limitation on memberships.
Mutual associations--liability and rights of members--rejection or limitation on memberships.
369.149. The members of a mutual association shall not be responsible for any losses which the association's assets shall not be sufficient to satisfy, and the accounts of members shall not be subject to assessment. Earnings shall be declared in accordance with the provisions of sections 369.010 to 369.369. An association may reject any person as a depositor and may limit from time to time the amounts which may be accepted by the association as deposits.
(L. 1971 S.B. 3 29, A.L. 1982 S.B. 464)Effective 4-30-82
Annotation Copyright Missouri Joint Committee on Legislative Research
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