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MO SB1424
Bill
AI Summary
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Lowers the minimum par value for credit union membership shares from $25 to $1, while maintaining the maximum at $100
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Expands board meeting participation options to explicitly include video conferences and other electronic or virtual means, with any combination of in-person and remote attendance permitted
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Authorizes directors to conduct votes and other actions through electronic means, including remote or online systems, with board-approved identity verification procedures
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Confirms that actions taken during electronic meetings have the same binding legal effect as in-person meetings
Legislative Description
Modifies provisions relating to credit unions
Last Action
Second Read and Referred S Insurance and Banking Committee
2/5/2026
Committee Referrals
Insurance and Banking2/5/2026
Full Bill Text
No bill text available