MO HB2586

Reduces the minimum par value for credit union membership shares from $25 to $1, while maintaining the maximum at $100

Allows credit union board directors to participate in meetings through any combination of in-person, telephone, or other electronic/virtual means, provided all participants can communicate simultaneously

Actions taken during electronic board meetings carry the same binding legal effect as in-person meetings

Permits board votes and other actions to be conducted via electronic means, including remote or online systems, with board-approved procedures to verify director identity and ensure process integrity

Amends sections 370.020, 370.080, and 370.200 of Missouri Revised Statutes governing credit union organization and board governance