Missouri § 362.250 - Oath of directors to be subscribed and certified — retained by board — penalty.
Full text of Missouri Revised Statutes of Missouri § 362.250 — Oath of directors to be subscribed and certified — retained by board — penalty., with citation guidance and answers to common questions.
§ 362.250. Oath of directors to be subscribed and certified — retained by board — penalty.
1. Every person elected director of a bank or trust company shall, within thirty days after election, qualify himself or herself as director by filing with the officers of the bank or trust company an oath that he or she will, so far as the duty devolves on him or her, diligently and honestly administer the affairs of the bank or trust company, and will not knowingly violate, or willingly permit to be violated, any of the provisions of law applicable to the bank or trust company.
2. The oath shall be subscribed by the director making it, and certified by an officer authorized by law to administer oaths, and the fact of the oath having been made and filed with the officers of the bank or trust company shall be noted on the records of the acts of the directors.
3. The oath, subscribed by the director making it and certified by the officer before whom it is taken, shall be retained with the official records of the board of directors.
4. Failure to comply with this provision within the time specified shall work a forfeiture of the position; provided, however, that the director of finance may, for cause deemed sufficient by him or her, extend the time; and when any vacancy occurs by this failure the board of directors shall, at the next regular meeting thereafter, enter the fact of the vacancy upon their records and promptly proceed to elect some competent person to fill the vacancy for the unexpired term.
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(RSMo 1939 § 7959, A.L. 1967 p. 445, A.L. 1977 S.B. 420, A.L. 1989 H.B. 346, A.L. 1998 S.B. 852 & 913, A.L. 2021 S.B. 106)
Prior revisions: 1929 § 5364; 1919 § 11747
---- end of effective 28 Aug 2021 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 362.250
What does Revised Statutes of Missouri § 362.250 cover?
Section 362.250 ("Oath of directors to be subscribed and certified — retained by board — penalty.") 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 § 362.250?
A common citation format is "Revised Statutes of Missouri § 362.250" (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 § 362.250 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.