SPONSOR: Casteel
Currently, Chapter 370, RSMo provides that membership shares issued by a credit union must have a par value of not less than $25 and not more than $100.
This bill lowers the minimum par value of membership shares from $25 to $1, while maintaining the maximum par value of $100.
This bill also authorizes members of a board of directors to participate in board meetings by telephone or other electronic means, provided that all participating members can communicate with each other simultaneously.
Statutes affected: