Missouri § 369.699 Limits on investment.

Missouri Statutes

§ 369.699 — Limits on investment.

Missouri § 369.699

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 369Savings and Loan Associations

This text of Missouri § 369.699 (Limits on investment.) 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. § 369.699 (2026).

Text

1. A savings bank may not invest more than forty percent of its total assets in commercial loans. A commercial loan is a loan for business, commercial, corporate or agricultural purposes. 2. A savings bank shall maintain at least fifteen percent of its assets in assets and investments taken from the following categories:

(1)First and second lien residential mortgage loans or foreclosed residential mortgage loans;

(2)Home improvement loans;

(3)Interim residential construction loans; and

(4)Mortgage-backed securities.

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1. A savings bank may not invest more than forty percent of its total assets in commercial loans. A commercial loan is a loan for business, commercial, corporate or agricultural purposes.

2. A savings bank shall maintain at least fifteen percent of its assets in assets and investments taken from the following categories:

(1) First and second lien residential mortgage loans or foreclosed residential mortgage loans;

(2) Home improvement loans;

(3) Interim residential construction loans; and

(4) Mortgage-backed securities.