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MO SB1424

Bill

Status

Introduced

1/7/2026

Primary Sponsor

Jill Carter

Click for details

Origin

Senate

2026 Regular Session

AI Summary

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

  • 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

  • Authorizes directors to conduct votes and other actions through electronic means, including remote or online systems, with board-approved identity verification procedures

  • 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