369.204. Earnings of accounts, how determined and distributed. - Missouri Statutes

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Statutes > Missouri > T24 > C369 > 369_204

Earnings of accounts, how determined and distributed.

369.204. Earnings, methods of calculating earnings and rateof earnings, including contractually fixed rates, and the minimumamount upon which earnings shall be paid shall be determined bythe board of directors, and earnings shall be distributed onsavings accounts at such times and in such manner and on suchterms as may be prescribed by regulations of the director of thedivision of finance. The director's regulations may permit thedetermination and declaration of rates of earnings during themonth preceding the beginning of the period to which the ratesare to apply, may provide for a determination date for computingearnings, and may authorize distribution of earnings onwithdrawals between earning distribution dates. He may providethat an association may calculate, determine, and pay earningsupon any basis available to a federal association.

(L. 1971 S.B. 3 § 40, A.L. 1994 H.B. 1165)
Effective 7-6-94

State Codes and Statutes

Statutes > Missouri > T24 > C369 > 369_204

Earnings of accounts, how determined and distributed.

369.204. Earnings, methods of calculating earnings and rateof earnings, including contractually fixed rates, and the minimumamount upon which earnings shall be paid shall be determined bythe board of directors, and earnings shall be distributed onsavings accounts at such times and in such manner and on suchterms as may be prescribed by regulations of the director of thedivision of finance. The director's regulations may permit thedetermination and declaration of rates of earnings during themonth preceding the beginning of the period to which the ratesare to apply, may provide for a determination date for computingearnings, and may authorize distribution of earnings onwithdrawals between earning distribution dates. He may providethat an association may calculate, determine, and pay earningsupon any basis available to a federal association.

(L. 1971 S.B. 3 § 40, A.L. 1994 H.B. 1165)
Effective 7-6-94

State Codes and Statutes

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State Codes and Statutes

Statutes > Missouri > T24 > C369 > 369_204

Earnings of accounts, how determined and distributed.

369.204. Earnings, methods of calculating earnings and rateof earnings, including contractually fixed rates, and the minimumamount upon which earnings shall be paid shall be determined bythe board of directors, and earnings shall be distributed onsavings accounts at such times and in such manner and on suchterms as may be prescribed by regulations of the director of thedivision of finance. The director's regulations may permit thedetermination and declaration of rates of earnings during themonth preceding the beginning of the period to which the ratesare to apply, may provide for a determination date for computingearnings, and may authorize distribution of earnings onwithdrawals between earning distribution dates. He may providethat an association may calculate, determine, and pay earningsupon any basis available to a federal association.

(L. 1971 S.B. 3 § 40, A.L. 1994 H.B. 1165)
Effective 7-6-94