Effective - 28 Aug 1939
357.100. Business policies — control — vote. — Notwithstanding the foregoing provision for the management of the general affairs of each such association by its board of directors, the control of the policies of such association is hereby reserved to and conferred upon their respective shareholders, who shall by direct vote govern the policies of such associations, including their policies with reference to the declaring of dividends, the setting aside of reserve funds, the method of distributing profits, the amendment of articles of association, the increasing and diminishing of capital stock, and other general policies; each shareholder shall be entitled to but one vote, irrespective of the number of shares owned, which vote may be cast by proxy as herein provided.
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(RSMo 1939 § 14415)
Prior revisions: 1929 § 12757; 1919 § 10255
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.