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Can you summarize MOCS Title 20, Division 1140, Chapter 2?
DIVISION OF FINANCE > Banks and Trust Companies
Short Summary
The provided legal document content covers various aspects related to banks and trust companies in the state of Missouri. It includes rules and regulations governing the operation of state-chartered banks and trust companies, as well as guidelines for specific activities and investments. The documents address topics such as the operation of insurance agencies by state-chartered banks, the purchase of bank-owned life insurance, investments in real estate development corporations, loan limits, trust accounts, fiduciary investments, marketing policies, automated teller machines (ATMs), financial subsidiaries, preservation of books and records, and lease financing limited partnerships. The documents provide authorization, guidelines, and requirements for these activities, ensuring compliance and competitive equality with federally-chartered institutions. The documents do not mention specific exemptions or penalties. Overall, they aim to regulate and facilitate the operations of banks and trust companies in Missouri, ensuring the provision of convenient and competitive financial services to the public.
Whom does it apply to?
State-chartered banks, trust companies, officers, directors, shareholders, and related interests
What does it govern?
Banks and Trust Companies
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Missouri