Chapter 362 - Banks and Trust Companies

Section 362.010 - Definitions
Section 362.011 - Trust business not engaged in, when - prohibition on use of words "trust company", when
Section 362.015 - No private banks shall be established - who may incorporate - when
Section 362.020 - Articles of agreement - contents
Section 362.023 - Trust company may refuse demand deposits by its articles of incorporation, effect of
Section 362.025 - Articles of agreement to be filed
Section 362.030 - Director to examine as to character and capital
Section 362.034 - Marijuana facilities, request for certain agencies to share information with banking institutions - procedure
Section 362.035 - Certificate of incorporation - issuance - to be filed
Section 362.040 - Notice of refusal of certificate - appeal
Section 362.042 - Restated articles of incorporation may be amended at time of restatement, manner
Section 362.044 - Stockholders' meetings - notice - business by proxy, cancellation of meetings
Section 362.046 - Bylaws, who may make, amend or repeal
Section 362.048 - Emergency bylaws - when
Section 362.050 - Cash capital required
Section 362.055 - Capital stock - par value
Section 362.060 - Change of par value - notice of meeting - when change effective
Section 362.063 - Power to close transfer books
Section 362.067 - Stock option plan for officers and employees - increase in shares - consideration
Section 362.070 - Compensation for organizing bank or trust company prohibited - penalty
Section 362.073 - Certain stock transfers or voting control changes must be reported to director of finance
Section 362.075 - Issuance and sale of preferred stock shares - subject to director's approval
Section 362.077 - Certain bank holding companies may not charter de novo bank or national bank, exceptions - purpose of law - severability clause
Section 362.078 - Industrial loan companies and banks prohibited from maintaining facilities for banking purposes, definitions
Section 362.080 - Stockholders may authorize issuance and sale, when - manner
Section 362.085 - Banks or trust companies may provide for issuance and sale in articles of incorporation
Section 362.090 - Par value of preferred stock issued and offered for sale
Section 362.095 - Charter shall set forth terms and conditions governing call, redemption and retirement of shares
Section 362.100 - Penalty
Section 362.105 - Powers and authority of banks and trust companies
Section 362.106 - Additional powers
Section 362.107 - Branch banking allowed, requirements - director of finance to approve, appeals
Section 362.109 - Restrictions on orders and ordinances of political subdivisions
Section 362.110 - Federal Deposit Insurance Corporation subrogated to depositors' rights in closed state banks or trust companies
Section 362.111 - Fees and service charges permitted, when, conditions
Section 362.112 - Bank or trust company may act as custodian, when
Section 362.115 - Bank may exercise powers of trust companies - application - examination - certificate - trust department
Section 362.116 - Trust accounts, originated by one bank or trust company, administration by another - requirements
Section 362.117 - State bank may become trust company - procedure
Section 362.118 - Trust company may become state bank - procedure
Section 362.119 - Investment in trust companies by bank, limitations - definitions
Section 362.120 - Capital notes may be issued and sold by banks and trust companies
Section 362.125 - Capital notes - denominations - rate of interest - maturity - impairment of capital - certain obligations to be prior claim
Section 362.130 - Extension of time for retirement of capital notes
Section 362.135 - Liquidation of assets - funds held in trust
Section 362.140 - Branch offices in foreign countries - how established - amount to be invested
Section 362.145 - Content of application - director may approve or reject - examination of branches
Section 362.150 - Director may investigate branches - require banks to dispose of holdings
Section 362.155 - Accounts of branches to be kept separately
Section 362.160 - May purchase stock in corporations to develop and maintain market for foreign and domestic exchange
Section 362.165 - Restrictions on taking and holding real estate
Section 362.169 - Population defined for legal loan limit
Section 362.170 - Unimpaired capital, defined - restrictions on loans, and total liability to any one person
Section 362.171 - Bank officer making excessive loan - penalty
Section 362.172 - Investment in stock of banks or bank holding companies - limitations
Section 362.173 - Investments in small business investment companies
Section 362.175 - Obligations issued pursuant to the Farm Credit Act or United States Housing Act authorized as legal investments and as security for public deposits
Section 362.180 - Who may make Federal Housing Act loans
Section 362.185 - Financial institutions may invest securities under Federal Housing Act
Section 362.190 - May be used as security
Section 362.191 - State employee compensation deductions authorized for investment by office of administration
Section 362.195 - Applicability of sections 362.180 to 362.195
Section 362.197 - Capital contributions and investments in obligations of Federal National Mortgage Association
Section 362.200 - Money not to be employed in trade or commerce
Section 362.205 - Account books, requirements - property, how carried
Section 362.207 - Securities held in name of nominee
Section 362.220 - Agreements to pay time deposit before maturity prohibited - penalty
Section 362.222 - Checks to be paid at par - exceptions - penalty
Section 362.225 - Reserve depositaries
Section 362.230 - No new loans until depleted reserves are restored
Section 362.231 - Reserve requirements, federal regulation to take precedence, when
Section 362.235 - National bank may become state bank or trust company - procedure, effect
Section 362.240 - Change from state to national bank
Section 362.245 - Board of directors, qualifications - cumulative voting in electing director permitted when
Section 362.247 - Board, quorum - directors not physically present, counted when - rulemaking authority
Section 362.250 - Oath of directors to be subscribed and certified - retained by board - penalty
Section 362.253 - Two or more directors to constitute an executive committee - when
Section 362.255 - Tenure of office of directors
Section 362.260 - Vacancies in board of directors
Section 362.265 - Change of number of directors
Section 362.270 - Organizational meeting of directors
Section 362.275 - Monthly meeting of board - review of certain transactions - unanimous consent agreements permitted, when
Section 362.280 - [Repealed]
Section 362.285 - [Repealed]
Section 362.290 - Communications from director shall be submitted to directors and noted in minutes
Section 362.295 - Reports to director - publication - penalty
Section 362.310 - Surplus fund - composition - purposes
Section 362.315 - Net income or loss for dividend period to be determined - income to be credited to surplus fund - undivided profits available for dividends
Section 362.325 - Charter amended - procedure - notice - duty of director - appeal
Section 362.330 - Bank may sell whole or any part of its assets or business - procedure
Section 362.331 - Transfer of certain fiduciary capacities between affiliated banks and trust companies, procedure, liabilities - objection, procedure
Section 362.332 - Fiduciary obligations and liabilities, bank or trust company may transfer to another bank or trust company, procedure - definitions
Section 362.333 - Irrevocable life insurance trusts, banks and trust companies may transfer fiduciary obligations to bank or company with authorized trust authority
Section 362.335 - Officers and employees - limitation on powers - appointment of president not required - chief executive officer not required to be member of board, when
Section 362.336 - Fraudulent checks and drafts issued by bank or agent - penalty
Section 362.337 - Bank officer concealing loans, misdemeanor - penalty
Section 362.340 - Employees to give bond - insurance - publication of minimum levels of coverages
Section 362.345 - Penalties for receiving deposits when insolvent
Section 362.350 - Officers, how sued - evidence of knowledge
Section 362.355 - Administrators of deceased officers liable
Section 362.360 - Interpleader in certain actions - funds may remain in bank - costs
Section 362.375 - Adverse claim to deposit - not effectual, when - contract presented by third party, powers of bank or trust company
Section 362.385 - Rate of interest
Section 362.405 - Assessments by director of finance paid to director of revenue
Section 362.410 - Preservation of books and records
Section 362.413 - Reproduction of records - admissible in evidence - affidavit in lieu of appearance
Section 362.415 - Prohibitions against encroachments upon certain powers of banks
Section 362.420 - Prohibition of banking business
Section 362.421 - Advertising as bankers, prohibited, when - penalty
Section 362.422 - Disclosure of nonpublic personal information by financial institutions prohibited, rules, notice
Section 362.423 - Foreign banks or foreign or federally chartered loan associations may acquire and enforce indebtedness secured by property in this state
Section 362.425 - Use of sign or words indicating bank by unauthorized persons prohibited
Section 362.430 - Conditions to be complied with by foreign banking corporations applying for license
Section 362.435 - Foreign banking corporation may transact business in this state, when
Section 362.440 - Licenses to foreign corporations - renewal
Section 362.445 - Process defined - director of finance to accept service of process, when - fee
Section 362.450 - Revocation of authorization certificate or license in certain cases
Section 362.455 - Rights and privileges of foreign banking corporation under license - effect of revocation
Section 362.460 - Reports of foreign banking corporations - penalties
Section 362.462 - Relocation of main banking house in another state
Section 362.463 - Out-of-state bank may relocate to this state
Section 362.464 - Requirements for foreign bank to relocate in Missouri - application, contents - approval, effect - certificate, filing required - relocation of domestic bank, conversion of charter
Section 362.465 - Deposits of minors
Section 362.466 - Applicability of law - rights, powers, protections
Section 362.470 - Joint deposits
Section 362.471 - Pay-on-death accounts - form - effect - payments from
Section 362.475 - Deposits of deceased trustee shall be paid to beneficiary
Section 362.480 - Deposits of trustee, how paid out
Section 362.483 - Safe deposit corporation may be granted a certificate of incorporation by director, when - purposes of corporation
Section 362.485 - Special remedies available to banks doing a safe deposit business
Section 362.487 - Joint renters of safe deposit boxes authorized - surviving joint renter opens box, lessor's option not required to be present
Section 362.488 - Death of lessee, duties of lessor - additional duties by contract
Section 362.490 - Banks exempt from furnishing security for insured deposits
Section 362.495 - When payment and withdrawals may be suspended
Section 362.500 - Shall notify finance director of suspension - duties of commissioner
Section 362.505 - Audit of bank by director - approval of reopening plans
Section 362.510 - When director shall liquidate
Section 362.515 - Special deposits - nature - use
Section 362.520 - Banks may close, when - bank holiday, effect of
Section 362.530 - Contributions to charitable agencies
Section 362.550 - Appointment as fiduciary - investments - handling of trust property - effect of merger or consolidation
Section 362.560 - Trust guaranty fund
Section 362.570 - Application of trust guaranty fund
Section 362.575 - Personal representatives and other persons not liable as stockholders
Section 362.580 - Common trust fund authorized
Section 362.590 - Bond not required of banks and trust companies, when acting as fiduciaries
Section 362.600 - Reciprocal corporate fiduciary powers - certificates of reciprocity
Section 362.610 - Banks and trust companies may merge or consolidate
Section 362.620 - Agreement for consolidation
Section 362.630 - Agreement for merger
Section 362.640 - Agreement for merger or consolidation
Section 362.650 - Certified copies evidence
Section 362.660 - Verified copies of agreement and proceedings shall be submitted to finance director
Section 362.670 - Finance director shall certify finding within thirty days
Section 362.680 - Agreement to be submitted to stockholders, when - exceptions, procedures
Section 362.690 - Agreement binding, when
Section 362.700 - Agreement for merger becomes effective, when
Section 362.710 - Agreement for consolidation becomes effective, when
Section 362.720 - Receiving or consolidated company shall issue new certificates for old, when
Section 362.730 - Dissenting stockholder may receive reasonable value of his or her stock - limitation, petition, hearing, appointment of appraisers
Section 362.740 - Finding and report of appraisers - compensation - notice to be given by clerk of court - minority discount
Section 362.750 - Exceptions to appraisal, review, new appraisal, final judgment - stock to be surrendered
Section 362.760 - Cost of proceedings, how taxed
Section 362.765 - Definitions - state-chartered bank merger with nonbank subsidiaries or nonbank affiliates - procedure
Section 362.770 - Corporate existence of old merged into new company - title to property
Section 362.780 - New company succeeds to fiduciary relations of old
Section 362.790 - New company liable for obligations of old
Section 362.800 - Pending actions not to abate - substitution
Section 362.810 - Trust and fiduciary relations of old companies continue in new
Section 362.820 - Notice to director of division of finance prior to acquisition of trust company - disapproval of acquisition - exceptions - disapproval, grounds
Section 362.900 - Declaration of intent
BANK HOLDING COMPANIES (§§ 362.910 — 362.950)
MISSOURI FAMILY TRUST COMPANY ACT (§§ 362.1010 — 362.1118)