Missouri § 370.290 - Power to borrow money from any source.
Full text of Missouri Revised Statutes of Missouri § 370.290 — Power to borrow money from any source., with citation guidance and answers to common questions.
§ 370.290. Power to borrow money from any source.
A credit union shall have the power to borrow from any source, but the total of such borrowing shall at no time exceed fifty percent of the capital, surplus and reserve fund of the borrowing credit union.
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(RSMo 1939 § 5535, A.L. 1951 p. 288)
Prior revision: 1929 § 5093
---- end of effective 28 Aug 1951 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 370.290
What does Revised Statutes of Missouri § 370.290 cover?
Section 370.290 ("Power to borrow money from any source.") 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 § 370.290?
A common citation format is "Revised Statutes of Missouri § 370.290" (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 § 370.290 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.