Effective - 28 Aug 1985
357.040. Issuance of common and preferred stock. — By unanimous agreement persons desiring to associate themselves together for the purpose of forming a corporation to conduct any agricultural or mercantile business for the purpose of producing or furnishing goods, services or housing on the cooperative plan under this chapter may issue both preferred and common stock in such corporation.
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(RSMo 1939 § 14408, A.L. 1985 S.B. 300)
Prior revision: 1929 § 12750
Structure Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 357 - Cooperative Companies
Section 357.015 - Housing cooperative, defined, limitations.
Section 357.020 - Articles of incorporation — filing — certificate.
Section 357.030 - Amendments to articles — change in number of authorized shares — fees.
Section 357.040 - Issuance of common and preferred stock.
Section 357.050 - Limit of shares.
Section 357.060 - Fees for incorporation.
Section 357.070 - Fees of recorder of deeds.
Section 357.080 - Management by board — election — removal.
Section 357.090 - Election of directors.
Section 357.100 - Business policies — control — vote.
Section 357.110 - Proxies, how voted.
Section 357.120 - Stock, who may purchase.
Section 357.130 - Method of distribution of earnings of association — provisions of bylaws.
Section 357.140 - Auditing of books annually.
Section 357.150 - Use of funds.
Section 357.160 - Private property exempt.
Section 357.170 - Prior cooperative associations.