Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 23 - Association's Service Corporations
Section 20 CSR 1140-23.020 - Foreign Service Corporation

(1) A foreign service corporation, for purposes of this regulation, shall include any corporation incorporated in a state other than Missouri, more than half of whose stock is owned, directly or indirectly, by one (1) or more savings and loan associations.

(2) A corporation which desires to conduct the business of a foreign service corporation in Missouri shall first obtain the approval of the director. Application for such approval shall be in the form required by the director. An application fee of one hundred dollars ($100), made payable to the director of revenue, shall accompany any application for approval filed with the director. Such application fee will be processed only if approval is granted by the director.

(3) The corporation shall be subject to examination by the Division of Finance. As a condition of the approval required, the corporation shall execute and file with the director a written agreement that the corporation will permit and pay the cost of such examination of the corporation by the office of the state director as the office of the state director from time-to-time considers necessary. The purpose of such examination shall be to determine whether the corporation is complying with the laws and regulations of the state of Missouri.