Missouri § 369.214 - Redemption of accounts, how and when, effect of.
Full text of Missouri Revised Statutes of Missouri § 369.214 — Redemption of accounts, how and when, effect of., with citation guidance and answers to common questions.
§ 369.214. Redemption of accounts, how and when, effect of.
1. An association may redeem, by lot or otherwise as the board of directors may determine, subject to approval of the director of the division of finance, all or any part of its accounts on an earnings payment date by giving thirty days' notice by registered mail to each owner of an account to be redeemed at the owner's last address as shown on the books of the association, but the association may not do so when it is in an impaired condition or has applications for withdrawal on file unpaid. The redemption price of each account redeemed shall be its withdrawal value.
2. Earnings and all rights of the owner of any account called for redemption, except the right to receive the redemption price, cease after the date fixed for redemption if the notice of intended redemption is given as required by this section and if funds are available for the redemption on such date.
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(L. 1971 S.B. 3 § 42, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165)
Effective 7-06-94
---- end of effective 06 Jul 1994 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 369.214
What does Revised Statutes of Missouri § 369.214 cover?
Section 369.214 ("Redemption of accounts, how and when, effect of.") 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 § 369.214?
A common citation format is "Revised Statutes of Missouri § 369.214" (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 § 369.214 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.