Missouri § 361.261 Authority to issue orders — includes certain other powers.

Missouri Statutes

§ 361.261 — Authority to issue orders — includes certain other powers.

Missouri § 361.261

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 361Division of Finance and Powers of Director of Finance

This text of Missouri § 361.261 (Authority to issue orders — includes certain other powers.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 361.261 (2026).

Text

1. The authority to issue an order under section 361.260 which requires a corporation or any director, officer, employee, agent, or other person participating in the conduct of the affairs of such corporation to take affirmative action to correct any conditions resulting from any violation or practice with respect to which such order is issued includes the authority to require such corporation or such person to:

(1)Make restitution or provide reimbursement, indemnification, or guarantee against loss if:

(a)Such corporation or such person was unjustly enriched in connection with such violation or practice; or

(b)The violation or practice involved a reckless disregard for the law or any applicable regulations or prior order of the director;

(2)Restrict the growth of the corporat

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1. The authority to issue an order under section 361.260 which requires a corporation or any director, officer, employee, agent, or other person participating in the conduct of the affairs of such corporation to take affirmative action to correct any conditions resulting from any violation or practice with respect to which such order is issued includes the authority to require such corporation or such person to:

(1) Make restitution or provide reimbursement, indemnification, or guarantee against loss if:

(a) Such corporation or such person was unjustly enriched in connection with such violation or practice; or

(b) The violation or practice involved a reckless disregard for the law or any applicable regulations or prior order of the director;

(2) Restrict the growth of the corporation;

(3) Dispose of any loan or asset involved;

(4) Rescind agreements or contracts;

(5) Employ qualified officers or employees, who may be subject to approval by the director; and

(6) Take such other action as the director determines to be appropriate.

2. The authority to issue an order under section 361.260 includes the authority to place limitations on the activities or functions of the corporation or any director, officer, employee, agent, or other person participating in the conduct of the affairs of such corporation.