There is a newer version
of
this Section
2017 Missouri Revised Statutes
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 371 Development Finance Corporations
Section 371.170 Deposits and loans of funds, regulation — not to receive deposits.
Universal Citation: MO Rev Stat § 371.170 (2017)
Effective 28 Aug 1961
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 371371.170. Deposits and loans of funds, regulation — not to receive deposits. — The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depositary by a vote of a majority of the directors, exclusive of any director who is an officer or director of the depositary so designated. The corporation shall not receive money on deposit. No loans shall be made directly or indirectly to any officer of the corporation or to any firm of which such officer is a member or officer.
(L. 1961 p. 157 § 16)
Disclaimer: These codes may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
