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2012 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 362 Banks and Trust Companies
Section 362.200 Money not to be employed in trade or commerce.
Universal Citation:
MO Rev Stat § 362.200 (2012)
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Money not to be employed in trade or commerce.
362.200. No corporation organized under any law of this state, whether general or special, as a bank or trust company, or to carry on a banking business, shall, except as otherwise permitted by law, employ its moneys, directly or indirectly, in trade or commerce, by buying and selling ordinary goods, chattels, wares and merchandise, or by owning or operating industrial plants; provided, that it may sell all kinds of property which may come into its possession as collateral security for loans, or in the ordinary collection of debts.
(RSMo 1939 7953, A.L. 1967 p. 445)Prior revisions: 1929 5358; 1919 11741; 1909 1109
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