Missouri § 361.097 - Board members, appointment, qualifications, terms.
Full text of Missouri Revised Statutes of Missouri § 361.097 — Board members, appointment, qualifications, terms., with citation guidance and answers to common questions.
§ 361.097. Board members, appointment, qualifications, terms.
1. The state banking and savings and loan board shall consist of five members who shall be appointed by the governor, the senate concurring. No person shall be eligible for appointment unless he or she is a resident of this state. One member shall be an attorney at law and a member of the Missouri Bar in good standing. Three members shall each have had at least five years of active bank or association management experience at an institution chartered under chapter 362 or 369 in this state. One member shall be an individual who is not involved in the administration of a financial institution. Not more than three members of the board shall be members of the same political party.
2. The term of office of each member of the state banking and savings and loan board shall be six years. The board shall select its own chairman and secretary. The members of the state banking and savings and loan board shall hold office for the respective terms for which they are appointed and until their successors shall qualify. Vacancies on such board shall be filled by appointment for the unexpired term in the same manner as in the case of an original appointment.
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(L. 1955 p. 263 § 2, A.L. 1967 p. 445, A.L. 2011 H.B. 464, A.L. 2021 S.B. 106)
---- end of effective 28 Aug 2021 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 361.097
What does Revised Statutes of Missouri § 361.097 cover?
Section 361.097 ("Board members, appointment, qualifications, terms.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 361.097?
A common citation format is "Revised Statutes of Missouri § 361.097" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 361.097 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.