361.097. Banking board--members--appointment--qualifications--terms. - Missouri Statutes

Banking board--members--appointment--qualifications--terms.

361.097. The state banking board shall consist of fivemembers who shall be appointed by the governor, the senateconcurring. No person shall be eligible for appointment unlesshe shall be a resident of this state. One member shall be anattorney at law and a member of the Missouri Bar in goodstanding. Two members shall each have had at least ten years'experience in this state as an officer or director or partly asan officer and partly as a director of one or more state banks ortrust companies or national banking associations, of which atleast five years shall have been full-time, active bankmanagement experience. The two other members shall benonbankers. Not more than three members of the board shall bemembers of the same political party. The term of office of theboard first appointed shall in the case of one member be twoyears; in the case of two members shall be four years; and in thecase of the other two members shall be six years; with all saidterms beginning August 29, 1955. All subsequent terms shall befor a term of six years from the expiration of the precedingterm. The governor shall designate one member as chairman andanother member as secretary of the board. The members of thestate banking board shall hold office for the respective termsfor which they are appointed and until their successors shallqualify. Vacancies in said board shall be filled by appointmentfor the unexpired term in the same manner as in the case of anoriginal appointment.

(L. 1955 p. 263 § 2, A.L. 1967 p. 445)