Modifies provisions relating to credit unions
Governor's action Signed by Governor (7/13/2026) · 07/13/2026 - Approved by Governor (G)
Revises the par value of membership shares and allows for participation in board meetings by telephone or electronic means
Published by the Missouri House as the official summary of the version that passed (source PDF). Reproduced here in full, unedited.
Currently, membership shares issued by a credit union must have a par value of not less than $25 and not more than $100.
This bill lowers the minimum par value of membership shares from $25 to $1, while maintaining the maximum par value of $100.
This bill also authorizes members of a board of directors to participate in board meetings by telephone or other electronic means, provided that all participating members can communicate with each other simultaneously.
Official record: https://house.mo.gov/Bill.aspx?bill=HB2586&year=2026&code=R