369.359. Foreign association doing business in state must comply with regulation by division of finance. — No foreign association or foreign holding company shall transact the business of a savings association within this state, or maintain an office in this state for the purpose of transacting such business, or acquire any proprietary interest in or control of or merge, or enter into any merger agreement, with any association except in accordance with such rules and regulations as the director of the division of finance shall promulgate providing for the licensing, admission, qualifications and operating requirements of foreign associations. No foreign savings association shall be considered to be doing business in this state by reason of engaging in the activities set forth in section 362.423.
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(L. 1971 S.B. 3 § 71, A.L. 1986 S.B. 730, A.L. 1994 H.B. 1165)
Effective 7-06-94
---- end of effective 06 Jul 1994 ----
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