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Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 351

previous next Effective - 28 Aug 1979bottom

  351.080.  First meeting and organization of board. — 1.  If the persons to constitute the first board of directors of the corporation are not named in the articles of incorporation of the corporation, the incorporators, by unanimous vote at a meeting or by unanimous written consent, shall have the power to adopt the original bylaws of the corporation, notwithstanding the provisions of subsection 1 of section 351.290, and to name the persons who shall constitute the first board of directors of the corporation.

  2.  As soon as convenient, an organization meeting of the first board of directors shall be held either within or without this state at the call of a majority of the directors, for the purpose of electing officers, accepting or rejecting subscriptions for shares, authorizing the issuance of shares, doing any other acts to perfect the organization of the corporation and transacting such other business as may come before the meeting.

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(RSMo 1939 § 4998, A.L. 1943 p. 410 § 54, A.L. 1975 S.B. 14, A.L. 1979 S.B. 216)

Prior revisions: 1929 § 4527; 1919 § 9723; 1909 § 2964


---- end of effective   28 Aug 1979 ----

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