Bill

Bill > SB63


MO SB63

MO SB63
Creates new provisions relating to financial institutions


summary

Introduced
01/04/2023
In Committee
05/02/2023
Crossed Over
03/30/2023
Passed
05/12/2023
Dead
Signed/Enacted/Adopted
07/06/2023

Introduced Session

2023 Regular Session

Bill Summary

Creates new provisions relating to financial institutions

AI Summary

This bill creates a new provision in Missouri law that allows entities licensed or certified under Article XIV of the Missouri Constitution (related to the regulation of marijuana) to request in writing that state or local licensing authorities share the entity's application, license, or other regulatory and financial information with a banking institution. The banking institution's state and federal supervisory agencies may also receive this information. The entity must provide a waiver to authorize the transfer of confidential or privileged information, which the recipient must treat as confidential and use only for the purpose of providing financial services to the requesting entity. The entity may withdraw the waiver with 30 days' notice.

Committee Categories

Business and Industry, Government Affairs

Sponsors (3)

Last Action

Signed by Governor (on 07/06/2023)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...