{"data":{"id":"us-mo/mo.-rev.-stat.-369.675","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 369.675","heading":"Savings bank, establishment — articles of agreement, requirements.","body":"1. When authorized by the director, any five or more persons who associate themselves by written articles of agreement, as provided by law, for the purpose of establishing a savings bank, may be incorporated under any name or title designating such business. Such persons may act on behalf of a holding company.\n2. The articles of agreement shall set forth:\n(1) The name of the proposed savings bank, which shall not be confusingly similar to the name of any other existing depository institution;\n(2) The address at which such savings bank is to be located;\n(3) The amount to be paid in for its capital stock;\n(4) The duration of its existence which shall be perpetual;\n(5) The purposes of the proposed savings bank;\n(6) The number of directors which shall be not more than fifteen nor less than five, all of whom shall satisfy the qualifications in section 369.109;\n(7) The names of the incorporators, who shall be its directors until the first annual meeting; and\n(8) Any other provisions, not inconsistent with law, which the incorporators may choose to insert.","path":["Title XXIV - BUSINESS AND FINANCIAL INSTITUTIONS","Chapter 369 - Savings and Loan Associations"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=369.675","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:27Z","sha256":"4fdfed81bdbd5874e8df482ccd82a860aba77ca28823939d90b9a6d607cbc01d","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-369.670","next":"us-mo/mo.-rev.-stat.-369.678"},"notice":"GroundRules: Original legal text. Not legal advice."}