Missouri Laws 369.054 – Office, location of — approval to establish or move, when — closing a ..
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Terms Used In Missouri Laws 369.054
- Association: a savings and loan association or a savings association subject to the provisions of this chapter. See Missouri Laws 369.014
- Branch: a place of business other than the home office at which is transacted authorized business of the association. See Missouri Laws 369.014
- Director of the division of finance: the chief officer of the division of finance. See Missouri Laws 369.014
- Home office: the location named in the articles of incorporation or the new location in place thereof approved by the director of the division of finance. See Missouri Laws 369.014
- Office: any place at which business of the association is conducted on a regular and continuing basis. See Missouri Laws 369.014
Without the prior approval of the director of the division of finance, as provided in sections 369.010 to 369.369, no association shall establish any office other than its home office. An association may move an office which has been operated at its present location two years not more than one mile without approval of the director of the division of finance. Any other office relocation shall be subject to such regulations as the director of the division of finance may prescribe. An association shall notify the director not less than sixty days, or in the case of emergency, as early as circumstances permit, before closing a branch office.