Missouri § 370.351 - Credit unions may merge — directors to approve plan, procedure.
Full text of Missouri Revised Statutes of Missouri § 370.351 — Credit unions may merge — directors to approve plan, procedure., with citation guidance and answers to common questions.
§ 370.351. Credit unions may merge — directors to approve plan, procedure.
1. Any two or more credit unions formed under the laws of the state of Missouri and any credit union or unions formed under the laws of the state of Missouri and any credit union formed under the laws of any other state or of the United States which is formed for the same purpose for which a credit union might be formed under the laws of this state, may merge into one of such credit unions.
2. The board of directors of each credit union, by resolution adopted by a majority vote of the members of the board, shall approve a plan of merger setting forth:
(1) The names of the credit unions proposing to merge and the name of the credit union into which they propose to merge, which is hereinafter designated as the "surviving credit union";
(2) The terms and conditions of the proposed merger and the mode of carrying the same into effect;
(3) The manner and basis of converting the membership shares of each merging credit union into the membership shares of the surviving credit union;
(4) A statement of any changes in the articles of agreement and the bylaws of the surviving credit union to be effected by such merger;
(5) Such other provisions with respect to the proposed merger as are deemed necessary or desirable.
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(L. 1955 p. 254, A.L. 1982 H.B. 1099, A.L. 1988 H.B. 1097)
---- end of effective 28 Aug 1988 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 370.351
What does Revised Statutes of Missouri § 370.351 cover?
Section 370.351 ("Credit unions may merge — directors to approve plan, procedure.") 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 § 370.351?
A common citation format is "Revised Statutes of Missouri § 370.351" (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 § 370.351 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.