Missouri § 371.180 Limitation on lending powers.

Missouri Statutes

§ 371.180 — Limitation on lending powers.

Missouri § 371.180

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 371Development Finance Corporations

This text of Missouri § 371.180 (Limitation on lending 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. § 371.180 (2026).

Text

A development finance corporation organized under the provisions of this chapter shall not lend money when credit is readily available elsewhere.  Before granting a loan, the directors of the corporation shall endeavor so far as is reasonably possible to ascertain that the first opportunity to grant the loan has been given to the banks, insurance companies and to other lending institutions of the state.

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A development finance corporation organized under the provisions of this chapter shall not lend money when credit is readily available elsewhere. Before granting a loan, the directors of the corporation shall endeavor so far as is reasonably possible to ascertain that the first opportunity to grant the loan has been given to the banks, insurance companies and to other lending institutions of the state.