Effective - 28 Aug 1986
356.161. Rights and obligations of unqualified persons acquiring shares by foreclosure. — If any shares of stock in a professional corporation are acquired by any person who is a disqualified person in foreclosure of a pledge or otherwise, the then owner of the shares shall hold them subject to the same rights and obligations and the professional corporation shall be subject to the same rights and obligations under sections 356.011 to 356.261 as if the then owner of the shares had become a disqualified person.
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(L. 1986 H.B. 1230)
Structure Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 356 - Professional Corporations
Section 356.011 - Citation of law.
Section 356.021 - Definitions.
Section 356.031 - General and business corporation law applicable — exceptions.
Section 356.071 - Regulating name of corporation.
Section 356.081 - Corporation may render professional services, how.
Section 356.091 - Directors and officers, who may be.
Section 356.101 - Corporation may purchase own shares, when.
Section 356.111 - Shares, who may hold, transferred how.
Section 356.121 - Proxies and voting trusts, valid when.
Section 356.131 - Securities law not applicable, exception.
Section 356.141 - Disqualifying event, corporation may purchase its own shares, procedure.
Section 356.151 - Disqualifying event, effect.
Section 356.161 - Rights and obligations of unqualified persons acquiring shares by foreclosure.
Section 356.171 - Liability for negligent or wrongful acts or omissions.
Section 356.181 - Privileged communications.
Section 356.191 - Law not to be construed to restrict licensing authorities — additional rules.
Section 356.221 - Merger or consolidation with another corporation, when.
Section 356.233 - Additional fee — expiration date.
Section 356.251 - Forfeiture of corporate rights, when — duties of licensing authority.