352.050. What associations not to incorporate under this chapter — company formed to erect building for use of society, may incorporate. — No association, society or company formed for manufacturing, agricultural or business purposes of any kind, or for pecuniary profit in any form, nor any corporation having a capital stock divided into shares, shall be incorporated under this chapter; provided, that any company formed to erect a building for the exclusive use of a society within the purview of this chapter, without pecuniary consideration from such society, may become a body corporate under this chapter notwithstanding it has a capital stock in shares, and may receive subscriptions to such stock, to be paid in real estate, in money, property or services rendered to such company.
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(RSMo 1939 § 5444)
Prior revisions: 1929 § 5003; 1919 § 10271; 1909 § 3439
---- end of effective 28 Aug 1939 ----
use this link to bookmark section 352.050
Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
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@18:56:29.4 31 :(∞
