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Bill to modernize Missouri banking code advances with bankers’ backing at hearing
Summary
Representative Clemens presented House Bill 754 to a Missouri House committee as a package of technical and deregulatory updates to the state banking code intended to provide regulatory relief for nearly 200 state-chartered banks.
Representative Clemens presented House Bill 754 to a Missouri House committee as a package of technical and deregulatory updates to the state banking code intended to provide regulatory relief for nearly 200 state-chartered banks. "This change gives the division of finance more discretion to determine whether a bank is allowed to use video technology to conduct board meetings," Clemens said while walking the committee through section-by-section revisions.
Clemens said the bill would allow a bank’s articles of agreement to include a board authorization to issue additional shares of stock without amending and restating the articles every time new…
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