Missouri § 369.234 - Preference given association holding first lien.
Full text of Missouri Revised Statutes of Missouri § 369.234 — Preference given association holding first lien., with citation guidance and answers to common questions.
§ 369.234. Preference given association holding first lien.
An association may:
(1) Make without limitation any advances necessary to protect the security of any loan or the priority of lien thereon which shall stand secured by such first lien irrespective of intervening liens;
(2) If it holds a recorded first lien on the property, make an additional loan or loans not exceeding in the aggregate the amount fixed from time to time by the director of the division of finance, which shall be secured by such first lien, for the improvement, equipment or furnishing of such property; and
(3) Make any further advances or loans for any purpose to the extent authorized by the deed of trust evidencing the first lien on the property.
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(L. 1971 S.B. 3 § 46, A.L. 1994 H.B. 1165)
Effective 7-06-94
---- end of effective 06 Jul 1994 ----
Frequently Asked Questions About Missouri § 369.234
What does Revised Statutes of Missouri § 369.234 cover?
Section 369.234 ("Preference given association holding first lien.") 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 § 369.234?
A common citation format is "Revised Statutes of Missouri § 369.234" (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 § 369.234 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.