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2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 362 - Banks and Trust Companies
Section 362.420 Prohibition of banking business.
Universal Citation: MO Rev Stat § 362.420 (2018)
Effective 28 Aug 1949
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 362362.420. Prohibition of banking business. — No corporation, domestic or foreign, other than a corporation formed under or subject to the banking laws of this state or of the United States, except as permitted by such laws, shall by any implication or construction be deemed to possess the power of carrying on the business of discounting bills, notes or other evidences of debt, of receiving deposits, of buying and selling bills of exchange, or of issuing bills, notes or other evidences of debt for circulation as money, or of engaging in any other form of banking.
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(RSMo 1939 § 7890, A. 1949 H.B. 2085)
Prior revisions: 1929 § 5296; 1919 § 11684
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