Missouri Constitution Article XI Sec. 13 – Exclusion of state from banking
No state bank shall be created, nor shall the state own or be liable for any stock in any corporation, joint stock company, or association for banking purposes.
Terms Used In Missouri Constitution Article XI Sec. 13 - Exclusion of state from banking
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.