Mo. Rev. Stat. § 362.420

Current with changes from the 2024 Legislative Session
Section 362.420 - Prohibition of banking business

No corporation, domestic or foreign, other than a corporation formed under or subject to the banking laws of this state or of the United States, except as permitted by such laws, shall by any implication or construction be deemed to possess the power of carrying on the business of discounting bills, notes or other evidences of debt, of receiving deposits, of buying and selling bills of exchange, or of issuing bills, notes or other evidences of debt for circulation as money, or of engaging in any other form of banking.

§ 362.420, RSMo

Prior revisions: 1929 § 5296; 1919 § 11684