362.150. Director may investigate branches--require banks to dispose of holdings. - Missouri Statutes

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Statutes > Missouri > T24 > C362 > 362_150

Director may investigate branches--require banks to dispose ofholdings.

362.150. If at any time the director shall ascertain thatthe regulations prescribed by him are not being complied with,the director may institute an investigation of the matter and *require such papers or records of any bank or trust companyconducting branches or having investments in other banks orcorporations as the director may deem necessary, * subpoenawitnesses and administer oaths and require witnesses to giveevidence concerning any transactions or facts relating to theconduct of the branches or the affairs of any bank or corporationin the stock of which an investment is made; and should theinvestigation result in establishing the failure of any bank orcorporation in the stock of which an investment has been made orof the bank or trust company owning any such stock, or any branchthereof, to comply with the regulations of the director, the bankor trust company may be required to dispose of its stockholdingsin the foreign bank or corporation, upon reasonable notice.

(RSMo 1939 § 7948, A.L. 1967 p. 445)
Prior revisions: 1929 § 5353; 1919 § 11736
*Word "to" appears here in original rolls.

State Codes and Statutes

Statutes > Missouri > T24 > C362 > 362_150

Director may investigate branches--require banks to dispose ofholdings.

362.150. If at any time the director shall ascertain thatthe regulations prescribed by him are not being complied with,the director may institute an investigation of the matter and *require such papers or records of any bank or trust companyconducting branches or having investments in other banks orcorporations as the director may deem necessary, * subpoenawitnesses and administer oaths and require witnesses to giveevidence concerning any transactions or facts relating to theconduct of the branches or the affairs of any bank or corporationin the stock of which an investment is made; and should theinvestigation result in establishing the failure of any bank orcorporation in the stock of which an investment has been made orof the bank or trust company owning any such stock, or any branchthereof, to comply with the regulations of the director, the bankor trust company may be required to dispose of its stockholdingsin the foreign bank or corporation, upon reasonable notice.

(RSMo 1939 § 7948, A.L. 1967 p. 445)
Prior revisions: 1929 § 5353; 1919 § 11736
*Word "to" appears here in original rolls.

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State Codes and Statutes

Statutes > Missouri > T24 > C362 > 362_150

Director may investigate branches--require banks to dispose ofholdings.

362.150. If at any time the director shall ascertain thatthe regulations prescribed by him are not being complied with,the director may institute an investigation of the matter and *require such papers or records of any bank or trust companyconducting branches or having investments in other banks orcorporations as the director may deem necessary, * subpoenawitnesses and administer oaths and require witnesses to giveevidence concerning any transactions or facts relating to theconduct of the branches or the affairs of any bank or corporationin the stock of which an investment is made; and should theinvestigation result in establishing the failure of any bank orcorporation in the stock of which an investment has been made orof the bank or trust company owning any such stock, or any branchthereof, to comply with the regulations of the director, the bankor trust company may be required to dispose of its stockholdingsin the foreign bank or corporation, upon reasonable notice.

(RSMo 1939 § 7948, A.L. 1967 p. 445)
Prior revisions: 1929 § 5353; 1919 § 11736
*Word "to" appears here in original rolls.