☰ Revisor of Missouri


Chapter 351

< > Effective - 28 Aug 1975    bottom

  351.310.  Board of directors, powers, qualifications, compensation. — The property and business of a corporation shall be controlled and managed by a board of directors.  Qualifications of directors may be prescribed in the articles of incorporation, or in the bylaws.  The compensation of the directors may be set by the board of directors unless otherwise provided in the articles of incorporation or the bylaws.


(RSMo 1939 § 5346, A.L. 1943 p. 410 § 36, A.L. 1965 p. 532, A.L. 1975 S.B. 14)

Prior revisions: 1929 § 4941; 1919 § 10152; 1909 § 3347


Representative actions by shareholders to enforce corporation's rights, RSMo 507.070

(1961) Where corporation whose sole asset was a fifty-six acre tract of land equipped as a golf and country club leased the same to another corporation which operated a country club, the renewal of the lease for a period of five years made by the board of directors was a valid exercise of the power vested in them and not a disposition of all of the corporate assets. Santa Fe Hills Golf and Country Club v. Safehi Realty Company (Mo.), 349 S.W.2d 27.

---- end of effective  28 Aug 1975 ----

use this link to bookmark section  351.310

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House