There is a newer version
of
this Section
2017 Missouri Revised Statutes
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 371 Development Finance Corporations
Section 371.180 Limitation on lending powers.
Universal Citation: MO Rev Stat § 371.180 (2017)
Effective 28 Aug 1961
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 371371.180. Limitation on lending powers. — A development finance corporation organized under the provisions of this chapter shall not lend money when credit is readily available elsewhere. Before granting a loan, the directors of the corporation shall endeavor so far as is reasonably possible to ascertain that the first opportunity to grant the loan has been given to the banks, insurance companies and to other lending institutions of the state.
(L. 1961 p. 157 § 21)
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.
