# Mo. Rev. Stat. § 370.020: 370.020 Certificate of organization, contents — membership shares, minimum, maximum ..

> Missouri · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.020

## Section

- **Citation:** Mo. Rev. Stat. § 370.020
- **Heading:** 370.020 Certificate of organization, contents — membership shares, minimum, maximum ..
- **Jurisdiction:** Missouri
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MO Code / Chapter 370 / Section 370.020

## Text

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

## Nearby sections

- [Mo. Rev. Stat. § 370.005 370.005 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.005.md)
- [Mo. Rev. Stat. § 370.006 370.006 Division of credit unions created — transfer — salary of director.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.006.md)
- [Mo. Rev. Stat. § 370.010 370.010 Credit union, how organized.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.010.md)
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- [Mo. Rev. Stat. § 370.030 370.030 Bylaws, contents.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.030.md)
- [Mo. Rev. Stat. § 370.040 370.040 Approval by director, certificate, provisional issuance, fee, examination.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.040.md)
- [Mo. Rev. Stat. § 370.050 370.050 Change of business location — notice — approval required.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.050.md)
- [Mo. Rev. Stat. § 370.060 370.060 Amendments to bylaws, effective when.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.060.md)
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- [Mo. Rev. Stat. § 370.062 370.062 Duties.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.062.md)
- [Mo. Rev. Stat. § 370.063 370.063 Appeals — rules — nonseverability clause.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.063.md)
- [Mo. Rev. Stat. § 370.070 370.070 Powers of a credit union.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.070.md)
- [Mo. Rev. Stat. § 370.071 370.071 Additional powers of a credit union — membership fee allowed, when.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.071.md)
- [Mo. Rev. Stat. § 370.072 370.072 Safe deposit boxes, to have same rights, powers and duties as bank and ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.072.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.020. Check the current official text before relying on it. Not legal advice.