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Mo. Rev. Stat. § 361.005

Definitions, chapters 361, 362, and 369

Known as the Money Transmission Modernization Act

The act spans §§ 361–361 (125 sections).

Effective: 28 Aug 1995; (L. 1995 H.B. 63, et al.)

As used in chapter 362 and chapter 369 and this chapter, unless the context clearly indicates otherwise, the following terms mean:

(1) "Foreign bank", the meaning set forth in section 1(b) of the International Banking Act of 1978, 12 U.S.C. 310(b);

(2) "Home state":

(a) In the case of a national bank, the state in which the main office of the bank is located; and

(b) In the case of a state bank, the state by which the bank is chartered;

(3) "Host state", a state in which a bank establishes a branch other than the home state of the bank;

(4) "Out-of-state bank", any bank, including a foreign bank, the home state of which is a state other than Missouri.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.