Missouri Laws 370.005 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in sections 370.005 to 370.400, the following terms mean:
(1) “Credit union”, a not-for-profit corporation organized for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, providing for the mutual benefit and general welfare of its members with the earnings, savings, benefits, and services being distributed to its members, for financial and financially related services, and for an opportunity for its members to improve their economic and social conditions;
Terms Used In Missouri Laws 370.005
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
(2) “Director”, the director of the division of credit unions.