370.130. Penalty for noncompliance.
127 words·~1 min read·
/mo/chapter-370/370-130A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
370.130. Penalty for noncompliance. — 1. If any credit union neglects for thirty days to make the required reports or to pay the required charges, including charges for delay in filing reports, the director shall notify such credit union of his or her intention to revoke its certificate of approval.
2. If such neglect or failure continues for an additional fifteen days, the director may revoke the certificate of approval of such credit union.
3. Whenever the director revokes the certificate of approval of any credit union, he or she shall file notice of such revocation with the secretary of state.
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(RSMo 1939 § 5526, A.L. 1945 p. 689, A.L. 1945 p. 720, A. 1949 H.B. 2091, A.L. 2020 S.B. 599)
Prior revision: 1929 § 5084