Missouri § 369.684 - Examination required, expenses.
Full text of Missouri Revised Statutes of Missouri § 369.684 — Examination required, expenses., with citation guidance and answers to common questions.
§ 369.684. Examination required, expenses.
1. When any savings bank has filed with the director proper copies of its articles of agreement, paid the incorporation and other fees in full, and provided the cash, as required by law, the director, before the savings bank completes its incorporation, shall cause an examination to be made to determine whether:
(1) The requisite capital of the savings bank has been subscribed in good faith and paid in actual cash and is ready for use in the transaction of its business;
(2) The character, responsibility and general fitness of the persons named in the articles of agreement and any holding company on whose behalf they are acting are such as to command confidence and warrant belief that the business of the proposed institution will be conducted honestly and efficiently in accordance with the intent and purpose of this chapter; and
(3) The convenience and needs of the community to be served justify and warrant the opening of the savings bank in the community, and if the probable volume of business in such community is sufficient to ensure and maintain the solvency of the new savings bank and the solvency of the then existing depository institutions in the community.
2. The persons named in the articles of agreement shall be liable for all expenses incurred in making the examination, including the wages and other necessary expenses of each examiner making the examination; except that, if the charter is granted, such incurred expenses may be assumed by the savings bank so chartered.
--------
(L. 1997 H.B. 257 § 369.415)
---- end of effective 28 Aug 1997 ----
Frequently Asked Questions About Missouri § 369.684
What does Revised Statutes of Missouri § 369.684 cover?
Section 369.684 ("Examination required, expenses.") 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 § 369.684?
A common citation format is "Revised Statutes of Missouri § 369.684" (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 § 369.684 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.