Section 370.110 Annual reports — when — penalty for late, inaccurate or incomplete.

MO Rev Stat § 370.110 (2019) (N/A)

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Effective 11 Jun 1985, see footnote

370.110. Annual reports — when — penalty for late, inaccurate or incomplete. — 1. Each credit union shall make a report of its condition on or before January thirty-first of each year and at such other times as the director of the division of credit unions may require.

2. Such reports shall be made on blank forms to be provided by the director of the division of credit unions and shall be verified under oath or affirmation of the president and treasurer of the credit union.

3. Any credit union which neglects to make any report when due, or makes such report that is inaccurate or incomplete, shall forfeit to the state, payable to the director of revenue, twenty-five dollars for each day of the first seven days of such neglect and seventy-five dollars for each additional day thereafter, after the due date of such report or such subsequent due date established by the director in a notice to the credit union to correct an inaccurate or incomplete report unless such payments are excused in whole or in part by the director of the division of credit unions.

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(RSMo 1939 § 5526, A.L. 1945 p. 689, A.L. 1945 p. 720, A. 1949 H.B. 2091, A.L. 1972 S.B. 502, A.L. 1979 S.B. 24, A.L. 1985 H.B. 469)

Prior revision: 1929 § 5084

Effective 6-11-85

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