362.073. Certain stock transfers or voting control changes must be reported to director of finance. - Missouri Statutes

Certain stock transfers or voting control changes must bereported to director of finance.

362.073. The president, or the officer to whom he delegatesthe responsibility, shall notify the director of finance notlater than the business day next following the day on which anyshares of the capital stock of the bank or trust company aretransferred on the books of the corporation if the total holdingsof the transferee, after but not before the transfer, amount totwenty-five percent or more of the capital stock of thecorporation, or at any time there is a change in the votingcontrol of the corporation by transfers from transferorspreviously having control thereof. The report shall show thenames of the transferors and the transferees, the number ofshares transferred, the total number of shares held by thetransferor and the transferee before and after the transactionand the price paid for the shares, if the price be known.Failure to report any such transfer shall constitute amisdemeanor punishable by a fine of not less than one hundreddollars. Each day of delay in making the report shall constitutea separate offense.

(L. 1967 p. 445)