2012 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 362 Banks and Trust Companies
Section 362.015 No private banks shall be established--who may incorporate--when.
No private banks shall be established--who may incorporate--when.
362.015. 1. From and after the passage of this law no private banks shall be established in this state.
2. When authorized by the finance director as provided in section 362.035 any five or more persons who shall have associated themselves by articles of agreement, in writing, as provided by law, for the purpose of establishing a bank or trust company may be incorporated under any name or title designating such business. Such persons may act on behalf of a bank holding company.
(RSMo 1939 7939, 7999, A.L. 1967 p. 445, A.L. 1984 H.B. 1373)Prior revisions: 1929 5344; 1919 11727; 1909 1092
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