Missouri § 361.972 - Records.
Full text of Missouri Revised Statutes of Missouri § 361.972 — Records., with citation guidance and answers to common questions.
§ 361.972. Records.
1. A licensee shall maintain the following records for determining its compliance with sections 361.900 to 361.1035 for at least three years:
(1) A record of each outstanding money transmission obligation sold;
(2) A general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts;
(3) Bank statements and bank reconciliation records;
(4) Records of outstanding money transmission obligations;
(5) Records of each outstanding money transmission obligation paid within the three-year period;
(6) A list of the last known names and addresses of all of the licensee's authorized delegates; and
(7) Any other records the director reasonably requires by rule.
2. The items specified in subsection 1 of this section may be maintained in any form of record.
3. Records specified in subsection 1 of this section may be maintained outside this state if the records are made accessible to the director on seven business days' notice that is sent in a record.
4. All records maintained by the licensee as required in subsections 1 to 3 of this section are open to inspection by the director under subsection 1 of section 361.921.
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(L. 2024 S.B. 1359)
---- end of effective 28 Aug 2024 ----
Frequently Asked Questions About Missouri § 361.972
What does Revised Statutes of Missouri § 361.972 cover?
Section 361.972 ("Records.") 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 § 361.972?
A common citation format is "Revised Statutes of Missouri § 361.972" (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 § 361.972 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.