| SB 0456 | Out-of-state banks in Missouri cannot merge with another bank for the first five years |
| Sponsor: | Klarich | |||
| LR Number: | S2026.02P | Fiscal Note: | 2026-02 | |
| Committee: | Financial and Governmental Organization | |||
| Last Action: | 04/21/99 - Reported Do Pass H Banks & Financial Institutions | Journal page: | H1414 | |
| Committee | ||||
| Title: | ||||
| Effective Date: | Emergency Clause | |||
SB 456 - This act requires any state bank, trust company or national bank which is in existence in another state but is relocated to Missouri to calculate the age of its bank charter as of the date the charter is moved to Missouri. That charter must be at least five years old before the bank or trust company is permitted to engage in an interstate acquisition or merger if the result is the merger or relocation to another state with Missouri branches remaining.
The act contains a severability clause and an emergency
clause.
RUSS HEMBREE