(1) "Aggregate demand deposits" means the deposit against whichreserves must be maintained by banks and trust companies and includes totaldeposits, all amounts due to banks, bankers and trust companies, the amountdue on certified and cashier's checks, and for unpaid dividends, less thefollowing items:
(a) Total time deposits;
(b) The amounts due it on demand from banks, bankers and trustcompanies, other than its reserve depositaries, including foreign exchangebalances credited to it and subject to draft;
(c) The excess due it from reserve depositaries over the amountrequired to maintain its total reserves;
(2) "Assessment" shall be construed as synonymous with the word"forfeiture";
(3) "Bank" means any corporation soliciting, receiving or acceptingmoney, or its equivalent, on deposit as a business, whether the deposit ismade subject to check, or is evidenced by a certificate of deposit, apassbook, a note, a receipt, or other writing, and specifically acommercial bank chartered under this chapter or a national bank located inthis state;
(4) "Demand deposits" means deposits, payment of which can legally berequired as provided in federal law and regulation;
(5) "Dividend period" means the period from the date as of which thelast dividend of any corporation to which this chapter is applicable wasdeclared to the date selected for the declaration of the next dividend; orthe period from the date when its corporate existence began to the date asof which the first dividend is declared;
(6) "Net earnings" means the excess of gross earnings of anycorporation to which this chapter is applicable over expenses and losseschargeable against the earnings during any dividend period;
(7) "Population" means population as determined by the last state orfederal enumeration; or when used in connection with the words"unincorporated village" as determined by the finance commissioner from thebest available sources of information, except as otherwise provided in thischapter;
(8) "Reserve depositary" means a bank, trust company or bankingcorporation approved by the finance director as a depositary for reserveson deposit;
(9) "Reserves on deposit" means the reserves against depositsmaintained by any corporation pursuant to this chapter in reservedepositaries, or in a federal reserve bank of which the corporation is amember, and not in excess of the amount authorized by this chapter;
(10) "Reserves on hand" means the reserves against deposits kept inthe vault of any individual or corporation pursuant to the provisions ofthis chapter;
(11) "Stockholder", unless otherwise qualified, means a person whoappears by the books of a stock corporation to be the owner and holder ofone or more shares of the stock of the corporation;
(12) "Surplus" means the excess of assets over liabilities includingliability to stockholders;
(13) "Surplus fund" means a fund created pursuant to the provisionsof this chapter by a bank or trust company from its net earnings orundivided profits, which to the amount specified in this chapter is notavailable for the payment of dividends and cannot be used for the paymentof expenses or losses so long as any corporation has undivided profits;
(14) "Time deposits" means all deposits, the payment of which cannotlegally be required as provided in federal law and regulation;
(15) "Total profits" means the total amount of undistributed netearnings of any corporation to which this chapter is applicable from thedate of its organization, including such portions of its surplus fund orguaranty fund as have been derived from net earnings or from undividedprofits;
(16) "Total reserves" means the aggregate of reserves on hand andreserves on deposit maintained pursuant to the provisions of this chapter;
(17) "Undivided profits" means the credit balance of the profit andloss account of any corporation to which this chapter is applicable.
(RSMo 1939 §§ 7998, 8002, A. 1949 H.B. 2085, A.L. 1967 p. 445, A.L. 2003 H.B. 221 merged with S.B. 346)
(1) "Aggregate demand deposits" means the deposit against whichreserves must be maintained by banks and trust companies and includes totaldeposits, all amounts due to banks, bankers and trust companies, the amountdue on certified and cashier's checks, and for unpaid dividends, less thefollowing items:
(a) Total time deposits;
(b) The amounts due it on demand from banks, bankers and trustcompanies, other than its reserve depositaries, including foreign exchangebalances credited to it and subject to draft;
(c) The excess due it from reserve depositaries over the amountrequired to maintain its total reserves;
(2) "Assessment" shall be construed as synonymous with the word"forfeiture";
(3) "Bank" means any corporation soliciting, receiving or acceptingmoney, or its equivalent, on deposit as a business, whether the deposit ismade subject to check, or is evidenced by a certificate of deposit, apassbook, a note, a receipt, or other writing, and specifically acommercial bank chartered under this chapter or a national bank located inthis state;
(4) "Demand deposits" means deposits, payment of which can legally berequired as provided in federal law and regulation;
(5) "Dividend period" means the period from the date as of which thelast dividend of any corporation to which this chapter is applicable wasdeclared to the date selected for the declaration of the next dividend; orthe period from the date when its corporate existence began to the date asof which the first dividend is declared;
(6) "Net earnings" means the excess of gross earnings of anycorporation to which this chapter is applicable over expenses and losseschargeable against the earnings during any dividend period;
(7) "Population" means population as determined by the last state orfederal enumeration; or when used in connection with the words"unincorporated village" as determined by the finance commissioner from thebest available sources of information, except as otherwise provided in thischapter;
(8) "Reserve depositary" means a bank, trust company or bankingcorporation approved by the finance director as a depositary for reserveson deposit;
(9) "Reserves on deposit" means the reserves against depositsmaintained by any corporation pursuant to this chapter in reservedepositaries, or in a federal reserve bank of which the corporation is amember, and not in excess of the amount authorized by this chapter;
(10) "Reserves on hand" means the reserves against deposits kept inthe vault of any individual or corporation pursuant to the provisions ofthis chapter;
(11) "Stockholder", unless otherwise qualified, means a person whoappears by the books of a stock corporation to be the owner and holder ofone or more shares of the stock of the corporation;
(12) "Surplus" means the excess of assets over liabilities includingliability to stockholders;
(13) "Surplus fund" means a fund created pursuant to the provisionsof this chapter by a bank or trust company from its net earnings orundivided profits, which to the amount specified in this chapter is notavailable for the payment of dividends and cannot be used for the paymentof expenses or losses so long as any corporation has undivided profits;
(14) "Time deposits" means all deposits, the payment of which cannotlegally be required as provided in federal law and regulation;
(15) "Total profits" means the total amount of undistributed netearnings of any corporation to which this chapter is applicable from thedate of its organization, including such portions of its surplus fund orguaranty fund as have been derived from net earnings or from undividedprofits;
(16) "Total reserves" means the aggregate of reserves on hand andreserves on deposit maintained pursuant to the provisions of this chapter;
(17) "Undivided profits" means the credit balance of the profit andloss account of any corporation to which this chapter is applicable.
(RSMo 1939 §§ 7998, 8002, A. 1949 H.B. 2085, A.L. 1967 p. 445, A.L. 2003 H.B. 221 merged with S.B. 346)
(1) "Aggregate demand deposits" means the deposit against whichreserves must be maintained by banks and trust companies and includes totaldeposits, all amounts due to banks, bankers and trust companies, the amountdue on certified and cashier's checks, and for unpaid dividends, less thefollowing items:
(a) Total time deposits;
(b) The amounts due it on demand from banks, bankers and trustcompanies, other than its reserve depositaries, including foreign exchangebalances credited to it and subject to draft;
(c) The excess due it from reserve depositaries over the amountrequired to maintain its total reserves;
(2) "Assessment" shall be construed as synonymous with the word"forfeiture";
(3) "Bank" means any corporation soliciting, receiving or acceptingmoney, or its equivalent, on deposit as a business, whether the deposit ismade subject to check, or is evidenced by a certificate of deposit, apassbook, a note, a receipt, or other writing, and specifically acommercial bank chartered under this chapter or a national bank located inthis state;
(4) "Demand deposits" means deposits, payment of which can legally berequired as provided in federal law and regulation;
(5) "Dividend period" means the period from the date as of which thelast dividend of any corporation to which this chapter is applicable wasdeclared to the date selected for the declaration of the next dividend; orthe period from the date when its corporate existence began to the date asof which the first dividend is declared;
(6) "Net earnings" means the excess of gross earnings of anycorporation to which this chapter is applicable over expenses and losseschargeable against the earnings during any dividend period;
(7) "Population" means population as determined by the last state orfederal enumeration; or when used in connection with the words"unincorporated village" as determined by the finance commissioner from thebest available sources of information, except as otherwise provided in thischapter;
(8) "Reserve depositary" means a bank, trust company or bankingcorporation approved by the finance director as a depositary for reserveson deposit;
(9) "Reserves on deposit" means the reserves against depositsmaintained by any corporation pursuant to this chapter in reservedepositaries, or in a federal reserve bank of which the corporation is amember, and not in excess of the amount authorized by this chapter;
(10) "Reserves on hand" means the reserves against deposits kept inthe vault of any individual or corporation pursuant to the provisions ofthis chapter;
(11) "Stockholder", unless otherwise qualified, means a person whoappears by the books of a stock corporation to be the owner and holder ofone or more shares of the stock of the corporation;
(12) "Surplus" means the excess of assets over liabilities includingliability to stockholders;
(13) "Surplus fund" means a fund created pursuant to the provisionsof this chapter by a bank or trust company from its net earnings orundivided profits, which to the amount specified in this chapter is notavailable for the payment of dividends and cannot be used for the paymentof expenses or losses so long as any corporation has undivided profits;
(14) "Time deposits" means all deposits, the payment of which cannotlegally be required as provided in federal law and regulation;
(15) "Total profits" means the total amount of undistributed netearnings of any corporation to which this chapter is applicable from thedate of its organization, including such portions of its surplus fund orguaranty fund as have been derived from net earnings or from undividedprofits;
(16) "Total reserves" means the aggregate of reserves on hand andreserves on deposit maintained pursuant to the provisions of this chapter;
(17) "Undivided profits" means the credit balance of the profit andloss account of any corporation to which this chapter is applicable.
(RSMo 1939 §§ 7998, 8002, A. 1949 H.B. 2085, A.L. 1967 p. 445, A.L. 2003 H.B. 221 merged with S.B. 346)
