369.149. Mutual associations--liability and rights of members--rejection or limitation on memberships. - Missouri Statutes

Mutual associations--liability and rights of members--rejection orlimitation on memberships.

369.149. The members of a mutual association shall not beresponsible for any losses which the association's assets shallnot be sufficient to satisfy, and the accounts of members shallnot be subject to assessment. Earnings shall be declared inaccordance with the provisions of sections 369.010 to 369.369. Anassociation may reject any person as a depositor and may limitfrom time to time the amounts which may be accepted by theassociation as deposits.

(L. 1971 S.B. 3 § 29, A.L. 1982 S.B. 464)

Effective 4-30-82