369.189. Deposits, form, terms and conditions, regulation of--director, imposition of restrictions and powers on associations, how. - Missouri Statutes

Deposits, form, terms and conditions, regulation of--director,imposition of restrictions and powers on associations, how.

369.189. 1. An association may accept deposits in any formnot prohibited by sections 369.010 to 369.369.

2. Deposits authorized by this section shall be upon anyterms and conditions not prohibited by sections 369.010 to369.369. Owners of deposits shall be creditors of theassociation. After April 30, 1982, all accounts in allassociations are deposit accounts.

3. The director of the division of finance is authorizedunder such rules and regulations as the director may prescribe toimpose or grant the same restrictions, limitations, prohibitions,conditions, requirements, duties, liabilities, provisions,authorities, powers, rights, options and discretions concerningdeposit associations as are from time to time applicable tofederal associations under the laws, rules, regulations, ordersand decisions applicable to such federal associations.

(L. 1971 S.B. 3 § 37, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)

Effective 7-6-94