Missouri § 371.060 - State banking and savings and loan board to direct issuance of certificate of incorporation, when.
Full text of Missouri Revised Statutes of Missouri § 371.060 — State banking and savings and loan board to direct issuance of certificate of incorporation, when., with citation guidance and answers to common questions.
§ 371.060. State banking and savings and loan board to direct issuance of certificate of incorporation, when.
1. Immediately upon the filing of the certificate of organization by the applicants, the director of finance shall submit to the state banking and savings and loan board the proposed articles of incorporation and the certificate of organization of the applicants and as soon as practicable thereafter the state banking and savings and loan board shall direct the director of finance to issue to the applicants a certificate of incorporation in such form as it may prescribe, if the board, from the best information available, determines that:
(1) Public convenience and necessity require the development finance corporation;
(2) The holders of the fully paid stock of the corporation are at least ten in number;
(3) That not less than two hundred fifty shares of no par value stock issued at one hundred dollars per share have been subscribed and fully paid for in cash;
(4) The bylaws and regulations submitted, if any, are in conformity with the articles of incorporation and the provisions of this chapter and not in conflict with any law of this state.
2. The director of finance shall return to the applicants one of the articles of incorporation submitted to him and shall endorse thereon the issuance by him of the certificate of incorporation.
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(L. 1961 p. 157 § 6, A.L. 1963 p. 478, A.L. 2011 H.B. 464)
---- end of effective 28 Aug 2011 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 371.060
What does Revised Statutes of Missouri § 371.060 cover?
Section 371.060 ("State banking and savings and loan board to direct issuance of certificate of incorporation, when.") 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 § 371.060?
A common citation format is "Revised Statutes of Missouri § 371.060" (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 § 371.060 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.