MO SB 1424
died on adjournmentModifies provisions relating to credit unions
Missouri · 2026 Regular Session · upper
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Quick answers
Did MO SB 1424 pass?
No. MO SB 1424 died when the 2026 Regular Session adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2026-02-05): Second Read and Referred S Insurance and Banking Committee
What is MO SB 1424 about?
SB 1424 - This act modifies provisions relating to credit unions. Current law provides that membership shares in a credit union shall have a par value of $25-100. This act changes the par value to $1-100. The act additionally modifies provisions governing the conduct of board meetings of a credit union. Unless specifically prohibited by the bylaws, directors may participate in and act at any meeting of the board through the use of a telephone, video conference, or other electronic means. Participation by directors in a meeting may be in any combination of in person, telephone, or other electronic or virtual means provided that all directors participating can communicate simultaneously. Any action taken during such meeting shall have the same binding and legal effect as if conducted fully in person. Votes and other actions of the directors may be conducted by electronic means, including remote or online systems, provided that board approved procedures are established to verify the identity of voting directors and to ensure the integrity of the process. This act is substantially similar to the truly agreed to HB 2586 (2026). SCOTT SVAGERA
Who sponsors MO SB 1424?
Carter, Jill, Jill Carter are the primary sponsors of MO SB 1424.
Description
SB 1424 - This act modifies provisions relating to credit unions. Current law provides that membership shares in a credit union shall have a par value of $25-100. This act changes the par value to $1-100. The act additionally modifies provisions governing the conduct of board meetings of a credit union. Unless specifically prohibited by the bylaws, directors may participate in and act at any meeting of the board through the use of a telephone, video conference, or other electronic means. Participation by directors in a meeting may be in any combination of in person, telephone, or other electronic or virtual means provided that all directors participating can communicate simultaneously. Any action taken during such meeting shall have the same binding and legal effect as if conducted fully in person. Votes and other actions of the directors may be conducted by electronic means, including remote or online systems, provided that board approved procedures are established to verify the identity of voting directors and to ensure the integrity of the process. This act is substantially similar to the truly agreed to HB 2586 (2026). SCOTT SVAGERA
- Introduced
- —
- Latest action
- 2026-02-05 — Second Read and Referred S Insurance and Banking Committee
- Bill type
- bill
- Last updated
- —
Sponsors
- Carter, Jillprimary
- Jill Carterprimary
Committees
Not provided by source.
Action timeline
Newest first
2026-02-05
Second Read and Referred S Insurance and Banking Committee
reading-2,referral-committee
2026-01-07
S First Read
reading-1
2025-12-10
Prefiled
Versions
- 6097S.01I - IntroducedCompare
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_api_sync, retrieved 2026-09-05T05:31:09.752696Z
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