Modifies provisions relating to credit unions

Summary

The bill changes Missouri law so that credit‑union membership shares can have a par value as low as $1, instead of the previous $25 minimum. It also allows directors to attend and vote at board meetings using telephone, video conference, or other electronic means unless the union’s bylaws forbid it. These changes aim to give credit unions more flexibility in capital structure and governance.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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