369.054. Office, location of — approval to establish or move, when — closing a branch office, notice.
144 words·~1 min read·
/mo/chapter-369/369-054A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
369.054. Office, location of — approval to establish or move, when — closing a branch office, notice. — Without the prior approval of the director of the division of finance, as provided in sections 369.010 to 369.369 , no association shall establish any office other than its home office. An association may move an office which has been operated at its present location two years not more than one mile without approval of the director of the division of finance. Any other office relocation shall be subject to such regulations as the director of the division of finance may prescribe.
An association shall notify the director not less than sixty days, or in the case of emergency, as early as circumstances permit, before closing a branch office.
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(L. 1971 S.B. 3 § 10, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165)
Effective 7-06-94