Effective - 28 Aug 1939
275.120. Associations may purchase and retire own stock. — Such associations may also have power, and they are hereby authorized to purchase and retire shares of their own stock, whether with or without par value, at a consideration not in excess of the amount for which such share, or shares, were issued in the first instance, together with interest at the rate of six percent per annum upon such shares from date of issuance thereof, less, however, the amount of dividends, if any, paid to the holder of such shares.
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(RSMo 1939 § 14374)
Prior revision: 1929 § 12716
Structure Missouri Revised Statutes
Title XVII - Agriculture and Animals
Chapter 275 - Commodity Associations
Section 275.010 - Who may incorporate — certain restrictions — style of corporate name.
Section 275.020 - General corporate powers, when.
Section 275.030 - Articles of agreement, how drawn.
Section 275.040 - Certificate of incorporation to be issued — subsequent procedure.
Section 275.050 - Incorporation fees.
Section 275.060 - Officers of association.
Section 275.070 - Capital stock to be divided into shares — value of stock.
Section 275.080 - Capital stock may be increased, how.
Section 275.090 - Stock to be paid for prior to issuance.
Section 275.100 - Members of association not individually liable.
Section 275.110 - Shares of stock nontransferable — exception.
Section 275.120 - Associations may purchase and retire own stock.
Section 275.130 - Authority to reissue and resell shares purchased.
Section 275.140 - Number of shares may be limited.
Section 275.150 - Associations empowered to execute purposes of organization.
Section 275.160 - Associations may own and vote stock in certain related corporations.
Section 275.170 - Association may borrow.
Section 275.180 - Association may contract for commodities.
Section 275.190 - May issue and sell notes — security — certain exemption.
Section 275.200 - Exempt from general corporation law — exceptions.
Section 275.300 - Definitions.
Section 275.310 - Powers and purposes of councils.
Section 275.320 - Establishment — petition, contents — membership.
Section 275.330 - Procedure after petition received.
Section 275.340 - Hearings, how conducted.
Section 275.357 - State assessment for soybeans — definitions — amount, how determined.
Section 275.360 - Refund of fees, request for.
Section 275.370 - Council, officers, duties.
Section 275.460 - Definitions.
Section 275.464 - Additional charge — director of agriculture's duty.