1. An association may accept deposits in any form not prohibited by sections 369.010 to 369.369.

2. Deposits authorized by this section shall be upon any terms and conditions not prohibited by sections 369.010 to 369.369. Owners of deposits shall be creditors of the association. After April 30, 1982, all accounts in all associations are deposit accounts.

Terms Used In Missouri Laws 369.189

  • Association: a savings and loan association or a savings association subject to the provisions of this chapter. See Missouri Laws 369.014
  • Director of the division of finance: the chief officer of the division of finance. See Missouri Laws 369.014
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

3. The director of the division of finance is authorized under such rules and regulations as the director may prescribe to impose or grant the same restrictions, limitations, prohibitions, conditions, requirements, duties, liabilities, provisions, authorities, powers, rights, options and discretions concerning deposit associations as are from time to time applicable to federal associations under the laws, rules, regulations, orders and decisions applicable to such federal associations.

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