Missouri § 369.244 Association may purchase, convey or manage property in which it has a security interest — time limitation.

Missouri Statutes

§ 369.244 — Association may purchase, convey or manage property in which it has a security interest — time limitation.

Missouri § 369.244

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 369Savings and Loan Associations

This text of Missouri § 369.244 (Association may purchase, convey or manage property in which it has a security interest — time limitation.) 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. § 369.244 (2026).

Text

1.An association may purchase at any sale, public or private, any real or personal property upon which it has a mortgage, judgment, deed of trust, pledge, lien or other encumbrance or in which it has any interest, and it may acquire any real or personal property which may be conveyed or transferred to it in full or in partial satisfaction, discharge or release of loans for which such property is security.

2.An association may sell, convey, lease, exchange, improve, repair, mortgage, convey in trust, pledge or encumber any real or personal property purchased or acquired by it as authorized by subsection 1 of this section.

3.An association may invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be nece

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1. An association may purchase at any sale, public or private, any real or personal property upon which it has a mortgage, judgment, deed of trust, pledge, lien or other encumbrance or in which it has any interest, and it may acquire any real or personal property which may be conveyed or transferred to it in full or in partial satisfaction, discharge or release of loans for which such property is security.

2. An association may sell, convey, lease, exchange, improve, repair, mortgage, convey in trust, pledge or encumber any real or personal property purchased or acquired by it as authorized by subsection 1 of this section.

3. An association may invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment previously made or an obligation previously created in good faith. Said property is not to be held by the association for a period in excess of six years, unless specifically authorized by the director of the division of finance.