State Codes and Statutes

Statutes > Missouri > T24 > C369 > 369_014

Definitions.

369.014. As used in this chapter, unless the contextclearly requires a different meaning, the following words andterms shall have the meanings indicated:

(1) "Account", the monetary interest of the owner thereofin the deposit capital of an association and consists of thewithdrawal value of such interest;

(2) "Agency", a place of business other than the homeoffice or a branch office at which an agent of the associationtransacts authorized business of the association;

(3) "Association", a savings and loan association or asavings association subject to the provisions of this chapter;

(4) "Branch", a place of business other than the homeoffice at which is transacted authorized business of theassociation;

(5) "Capital", the capital stock and any other capitalcontributions in a capital stock association;

(6) "Capital stock", shares of nonwithdrawable capitalissued by a capital stock association which may be issued aspermitted under chapter 351, RSMo;

(7) "Capital stock association", an association whichissues capital stock;

(8) "Commission", the state savings and loan commission;

(9) "County" includes the city of St. Louis;

(10) "Deposit capital", the aggregate of deposits inaccounts plus earnings credited thereto less lawful deductionstherefrom;

(11) "Director of the division of finance", the chiefofficer of the division of finance;

(12) "Earnings", that part of the net income of anassociation which is payable to or credited to the owners ofaccounts. Earnings do not include capital stock, dividends paidor payable on capital stock or other distributions thereon.Earnings also may be referred to as interest;

(13) "Federal association" or "federal savingsassociation", an association chartered by the Office of ThriftSupervision or any successor thereto as provided in section 5 ofthe Home Owners Loan Act of 1933, as amended;

(14) "Foreign association", any association or federalassociation with its principal office located outside Missouri;

(15) "Foreign holding company", any company or corporationauthorized or existing under the laws of any jurisdiction orauthority other than Missouri which directly or indirectlycontrols a foreign association;

(16) "Home office", the location named in the articles ofincorporation or the new location in place thereof approved bythe director of the division of finance. If no location is namedin the articles of incorporation, the association shall file withthe director of the division of finance the location of its homeoffice;

(17) "Impaired condition", the inability of an associationto pay its debts as they become due in the usual course of itsbusiness;

(18) "Insured association", an association the accounts ofwhich are insured, fully or in part, as provided in this chapter;

(19) "Liquid assets", cash on hand and on deposit withbanks including federal home loan banks and such other assets asmay be so designated from time to time by the director of thedivision of finance;

(20) "Member", a person owning an account of a mutualassociation or a person borrowing from or assuming or obligatedupon or owning property securing a loan held by a mutualassociation;

(21) "Mutual association", an association not havingcapital stock;

(22) "Office", any place at which business of theassociation is conducted on a regular and continuing basis;

(23) "Person", any individual, corporation, entity, votingtrust, business trust, partnership, association, syndicate, ororganized group of persons whether incorporated or not;

(24) "Security instrument", mortgage, deed of trust, orother instrument in which real or personal property is securityfor a debt;

(25) "Stockholder", a person owning capital stock of acapital stock association;

(26) "Withdrawal value", the amount deposited in an accountin an association plus earnings credited thereto less lawfuldeductions therefrom.

(L. 1971 S.B. 3 § 2, A.L. 1982 S.B. 464, A.L. 1986 S.B. 730, A.L. 1994 H.B. 1165)

Effective 7-6-94

State Codes and Statutes

Statutes > Missouri > T24 > C369 > 369_014

Definitions.

369.014. As used in this chapter, unless the contextclearly requires a different meaning, the following words andterms shall have the meanings indicated:

(1) "Account", the monetary interest of the owner thereofin the deposit capital of an association and consists of thewithdrawal value of such interest;

(2) "Agency", a place of business other than the homeoffice or a branch office at which an agent of the associationtransacts authorized business of the association;

(3) "Association", a savings and loan association or asavings association subject to the provisions of this chapter;

(4) "Branch", a place of business other than the homeoffice at which is transacted authorized business of theassociation;

(5) "Capital", the capital stock and any other capitalcontributions in a capital stock association;

(6) "Capital stock", shares of nonwithdrawable capitalissued by a capital stock association which may be issued aspermitted under chapter 351, RSMo;

(7) "Capital stock association", an association whichissues capital stock;

(8) "Commission", the state savings and loan commission;

(9) "County" includes the city of St. Louis;

(10) "Deposit capital", the aggregate of deposits inaccounts plus earnings credited thereto less lawful deductionstherefrom;

(11) "Director of the division of finance", the chiefofficer of the division of finance;

(12) "Earnings", that part of the net income of anassociation which is payable to or credited to the owners ofaccounts. Earnings do not include capital stock, dividends paidor payable on capital stock or other distributions thereon.Earnings also may be referred to as interest;

(13) "Federal association" or "federal savingsassociation", an association chartered by the Office of ThriftSupervision or any successor thereto as provided in section 5 ofthe Home Owners Loan Act of 1933, as amended;

(14) "Foreign association", any association or federalassociation with its principal office located outside Missouri;

(15) "Foreign holding company", any company or corporationauthorized or existing under the laws of any jurisdiction orauthority other than Missouri which directly or indirectlycontrols a foreign association;

(16) "Home office", the location named in the articles ofincorporation or the new location in place thereof approved bythe director of the division of finance. If no location is namedin the articles of incorporation, the association shall file withthe director of the division of finance the location of its homeoffice;

(17) "Impaired condition", the inability of an associationto pay its debts as they become due in the usual course of itsbusiness;

(18) "Insured association", an association the accounts ofwhich are insured, fully or in part, as provided in this chapter;

(19) "Liquid assets", cash on hand and on deposit withbanks including federal home loan banks and such other assets asmay be so designated from time to time by the director of thedivision of finance;

(20) "Member", a person owning an account of a mutualassociation or a person borrowing from or assuming or obligatedupon or owning property securing a loan held by a mutualassociation;

(21) "Mutual association", an association not havingcapital stock;

(22) "Office", any place at which business of theassociation is conducted on a regular and continuing basis;

(23) "Person", any individual, corporation, entity, votingtrust, business trust, partnership, association, syndicate, ororganized group of persons whether incorporated or not;

(24) "Security instrument", mortgage, deed of trust, orother instrument in which real or personal property is securityfor a debt;

(25) "Stockholder", a person owning capital stock of acapital stock association;

(26) "Withdrawal value", the amount deposited in an accountin an association plus earnings credited thereto less lawfuldeductions therefrom.

(L. 1971 S.B. 3 § 2, A.L. 1982 S.B. 464, A.L. 1986 S.B. 730, A.L. 1994 H.B. 1165)

Effective 7-6-94


State Codes and Statutes

State Codes and Statutes

Statutes > Missouri > T24 > C369 > 369_014

Definitions.

369.014. As used in this chapter, unless the contextclearly requires a different meaning, the following words andterms shall have the meanings indicated:

(1) "Account", the monetary interest of the owner thereofin the deposit capital of an association and consists of thewithdrawal value of such interest;

(2) "Agency", a place of business other than the homeoffice or a branch office at which an agent of the associationtransacts authorized business of the association;

(3) "Association", a savings and loan association or asavings association subject to the provisions of this chapter;

(4) "Branch", a place of business other than the homeoffice at which is transacted authorized business of theassociation;

(5) "Capital", the capital stock and any other capitalcontributions in a capital stock association;

(6) "Capital stock", shares of nonwithdrawable capitalissued by a capital stock association which may be issued aspermitted under chapter 351, RSMo;

(7) "Capital stock association", an association whichissues capital stock;

(8) "Commission", the state savings and loan commission;

(9) "County" includes the city of St. Louis;

(10) "Deposit capital", the aggregate of deposits inaccounts plus earnings credited thereto less lawful deductionstherefrom;

(11) "Director of the division of finance", the chiefofficer of the division of finance;

(12) "Earnings", that part of the net income of anassociation which is payable to or credited to the owners ofaccounts. Earnings do not include capital stock, dividends paidor payable on capital stock or other distributions thereon.Earnings also may be referred to as interest;

(13) "Federal association" or "federal savingsassociation", an association chartered by the Office of ThriftSupervision or any successor thereto as provided in section 5 ofthe Home Owners Loan Act of 1933, as amended;

(14) "Foreign association", any association or federalassociation with its principal office located outside Missouri;

(15) "Foreign holding company", any company or corporationauthorized or existing under the laws of any jurisdiction orauthority other than Missouri which directly or indirectlycontrols a foreign association;

(16) "Home office", the location named in the articles ofincorporation or the new location in place thereof approved bythe director of the division of finance. If no location is namedin the articles of incorporation, the association shall file withthe director of the division of finance the location of its homeoffice;

(17) "Impaired condition", the inability of an associationto pay its debts as they become due in the usual course of itsbusiness;

(18) "Insured association", an association the accounts ofwhich are insured, fully or in part, as provided in this chapter;

(19) "Liquid assets", cash on hand and on deposit withbanks including federal home loan banks and such other assets asmay be so designated from time to time by the director of thedivision of finance;

(20) "Member", a person owning an account of a mutualassociation or a person borrowing from or assuming or obligatedupon or owning property securing a loan held by a mutualassociation;

(21) "Mutual association", an association not havingcapital stock;

(22) "Office", any place at which business of theassociation is conducted on a regular and continuing basis;

(23) "Person", any individual, corporation, entity, votingtrust, business trust, partnership, association, syndicate, ororganized group of persons whether incorporated or not;

(24) "Security instrument", mortgage, deed of trust, orother instrument in which real or personal property is securityfor a debt;

(25) "Stockholder", a person owning capital stock of acapital stock association;

(26) "Withdrawal value", the amount deposited in an accountin an association plus earnings credited thereto less lawfuldeductions therefrom.

(L. 1971 S.B. 3 § 2, A.L. 1982 S.B. 464, A.L. 1986 S.B. 730, A.L. 1994 H.B. 1165)

Effective 7-6-94