Missouri Revised Statutes
Chapter 387 - Motor Carriers Generally
Section 387.340 - Reorganizations.

Effective - 28 Aug 1996
387.340. Reorganizations. — Reorganizations of motor carriers shall be subject to the supervision and control of the division of motor carrier and railroad safety and no such reorganization shall be had without the authorization of the division. Upon all such reorganizations the amount of capitalization, including therein all stocks and bonds and other evidence of indebtedness, shall be such as is authorized by the division which, in making its determination, shall not exceed the fair value of the property involved, taking into consideration its original cost of construction, duplication costs, present condition, earning power at reasonable rates and all other relevant matters and any additional sum or sums as shall be actually paid in cash; provided, however, that the division may make due allowance for discount of bonds. Any reorganization agreement before it becomes effective shall be amended so that the amount of capitalization shall conform to the amount authorized by the division. The division may by its order impose such condition or conditions as it may deem reasonable and necessary.
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(RSMo 1939 § 5639, A.L. 1996 S.B. 780)
Prior revisions: 1929 § 5183; 1919 § 10471

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXV - Incorporation and Regulation of Certain Utilities and Carriers

Chapter 387 - Motor Carriers Generally

Section 387.010 - Application of chapter.

Section 387.020 - Definitions.

Section 387.030 - Motor carrier shall furnish safe and adequate service — unreasonable charges prohibited.

Section 387.040 - Transportation prohibited until schedule of rates and fares is filed and published — exception, when.

Section 387.050 - Rates and fares, filing and publication.

Section 387.060 - Motor carriers to furnish correct rates on written request — penalty and damages for failure.

Section 387.070 - Changes in schedule — notice required.

Section 387.075 - Rate schedules for transportation of certain household goods — application and filing procedures.

Section 387.080 - Concurrence in joint tariffs — contracts, agreements or arrangements between any carriers — prohibition for household goods.

Section 387.100 - Rates to be charged as fixed — unjust discrimination prohibited.

Section 387.110 - Preference to locality or particular traffic, prohibited.

Section 387.120 - Free passes and reduced rates prohibited except to certain persons.

Section 387.130 - Granting or attempting to grant reduced rates prohibited.

Section 387.137 - Household goods transportation in intrastate commerce, commission to establish consumer protection requirements.

Section 387.139 - Movement of household goods in intrastate commerce, complaints — information file to be kept, contents, form — rulemaking authority.

Section 387.150 - Continuous carriage.

Section 387.180 - Liability for damage to property in transit.

Section 387.190 - Division of motor carrier and railroad safety may fix reasonable rates and charges.

Section 387.200 - Power of division of motor carrier and railroad safety to suspend rates.

Section 387.205 - Standard commercial units of service, determination by division.

Section 387.207 - Authority of division to fix rates, tolls, charges and schedules.

Section 387.210 - Power of division of motor carrier and railroad safety to order repairs or changes on facilities, property and equipment.

Section 387.240 - Right to issue stocks, bonds and notes is subject to regulation by state.

Section 387.270 - Common carriers may issue stocks, bonds or other forms of indebtedness, when — approval of the division of motor carrier and railroad safety.

Section 387.280 - Certificate of division of motor carrier and railroad safety to be recorded — stock dividends prohibited.

Section 387.290 - Power of division of motor carrier and railroad safety to require account of disposition of proceeds of sales of stock, bonds — if issued without authority, void — penalties and forfeitures — state not liable.

Section 387.300 - Power of division of motor carrier and railroad safety to ascertain valuation of common carriers — hearings.

Section 387.310 - Uniform system of accounts — access to accounts — penalty for divulging information.

Section 387.320 - Power of division of motor carrier and railroad safety to require depreciation account of motor carriers.

Section 387.340 - Reorganizations.

Section 387.355 - Rate orders vacated for transportation of household goods in intrastate commerce, when, limitation.

Section 387.400 - Definitions.

Section 387.402 - TNC drivers, what not considered — vehicle registration as for-hire vehicle.

Section 387.404 - Licensure, requirements.

Section 387.406 - Service of process, agent required.

Section 387.407 - Compliance with statutory requirements.

Section 387.408 - Fare may be charged, required disclosures.

Section 387.410 - Digital network, picture of driver and license plate number to be displayed.

Section 387.412 - Electronic receipts, requirements.

Section 387.414 - TNC drivers to be independent contractors, not employees, when.

Section 387.416 - Driver not agent of TNC, exception.

Section 387.418 - Zero-tolerance intoxicating substance policy required — notice — violation, suspension — record keeping.

Section 387.419 - Motor vehicle insurance, inclusion of TNC as a loss payee.

Section 387.420 - Registration — criminal background checks — driver disqualifications — other licenses not required.

Section 387.422 - Compliance with inspection requirements.

Section 387.424 - Street hails, acceptance of prohibited.

Section 387.425 - Privacy policy required, contents.

Section 387.426 - Nondiscrimination policy required — accommodation of service animals — no additional charges for persons with disabilities.

Section 387.427 - Compliance with state and federal constitutional nondiscrimination provisions.

Section 387.428 - Customer records.

Section 387.430 - State preemption on regulation — income and earnings taxes permitted — rules — airports, authorizations and restrictions.

Section 387.432 - TNCs not employers of drivers, exception.

Section 387.433 - Inapplicability, when.

Section 387.434 - St. Louis regional taxicab district laws inapplicable to TNCs, drivers, and services.

Section 387.436 - Revocation of driver's ability to accept requests through digital network, when — confidentiality of information.

Section 387.438 - License other than Class F not required, when — rulemaking authority.

Section 387.439 - Prohibited acts — penalty.

Section 387.440 - Inspection of TNC for compliance, Kansas City and St. Louis regional taxicab commission, costs — confidentiality of records — fines.