Missouri Statutes
§ 362.220 — Agreements to pay time deposit before maturity prohibited — penalty.
Missouri § 362.220
This text of Missouri § 362.220 (Agreements to pay time deposit before maturity prohibited — penalty.) 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. § 362.220 (2026).
Text
Any director, officer or employee of a bank or trust company who makes any agreement, express or implied, before or at the time of issuing a certificate of deposit by which its holder may demand or receive payment thereof in advance of its maturity, or who before or at the time of receiving a savings deposit makes an agreement, express or implied, by which the holder of the savings passbook may demand or receive payment of the savings deposit in advance of the time provided for payment under the rules and regulations under which the savings deposit was received, shall forfeit and pay the sum of one hundred dollars for each violation of this provision, to be collected as provided for in this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(RSMo 1939 § 7955, A.L. 1945 p. 932, A. 1949 H.B. 2085, A.L. 1967 p. 445)
Prior revisions: 1929 § 5360; 1919 § 11743
Nearby Sections
15
§ 362.010
Definitions.§ 362.020
Articles of agreement — contents.§ 362.025
Articles of agreement to be filed.§ 362.048
Emergency bylaws — when.§ 362.050
Cash capital required.Cite This Page — Counsel Stack
Bluebook (online)
Missouri § 362.220, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/362/362.220.