Missouri § 369.361 - Foreign associations adjoining states and principal business outside state, requirements to do business — principal business, how determined — control, defined.
Full text of Missouri Revised Statutes of Missouri § 369.361 — Foreign associations adjoining states and principal business outside state, requirements to do business — principal business, how determined — control, defined., with citation guidance and answers to common questions.
§ 369.361. Foreign associations adjoining states and principal business outside state, requirements to do business — principal business, how determined — control, defined.
1. Notwithstanding any law to the contrary, foreign associations which conduct their principal operations in a state adjoining Missouri, and which are not controlled by a foreign holding company incorporated in or which conducts its principal operations in a state not adjoining Missouri, may acquire control of associations in Missouri or may merge with or acquire control of associations conducting their principal operations in Missouri, if the adjoining state permits associations which conduct their principal operations in Missouri to acquire control of savings and loan associations in such adjoining state, under conditions which are substantially the same as those imposed by that state on savings and loan associations conducting their principal operations in that state except, any savings and loan association or savings and loan holding company having its principal office in this state, may merge with or acquire control of, or be merged with or be acquired by, a savings and loan association or a savings and loan holding company having its principal office in any other state if the savings and loan association or savings and loan holding company having its principal office in this state is conducting business as a savings and loan association or savings and loan holding company in that state; and any savings and loan association or savings and loan holding company which has its principal office outside of this state may continue to conduct business in this state if they were conducting such business on August 13, 1986.
2. As used in this section, the state in which a savings and loan association conducts its principal business shall be the state in which the total deposits are the largest, and the term "control" shall mean control in any manner of the election of a majority of the directors of a savings and loan association.
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(L. 1986 S.B. 730)
---- end of effective 28 Aug 1986 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 369.361
What does Revised Statutes of Missouri § 369.361 cover?
Section 369.361 ("Foreign associations adjoining states and principal business outside state, requirements to do business — principal business, how determined — control, defined.") 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 § 369.361?
A common citation format is "Revised Statutes of Missouri § 369.361" (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 § 369.361 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.