370.020 Certificate of organization, contents — membership shares, minimum, maximum ...

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MO Code › Chapter 370 › Section 370.020

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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370.020. Certificate of organization, contents — membership shares, minimum, maximum par value. — The certificate of organization shall state:

(1) The name of the proposed credit union and the city, town, or village in which its business office is located;

(2) The names and addresses of the subscribers to the certificate, and the number of shares subscribed by each;

(3) A statement that organization as a credit union is desired under this particular law;

(4) The par value of the regular shares, which shall not exceed one hundred dollars;

(5) The par value of membership shares, if any, which shall not be less than twenty-five nor more than one hundred dollars.

(RSMo 1939 § 5521, A.L. 1941 p. 331, A.L. 1945 p. 689, A.L. 1945 p. 718, A. 1949 H.B. 2091, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962, A.L. 2020 S.B. 599) Prior revision: 1929 § 5079

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