☰ Revisor of Missouri

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 355

< > Effective - 01 Jul 1995, see footnote    bottom

  355.216.  Purchase of membership, restrictions. — 1.  A public benefit corporation may not purchase any of its memberships or any right arising therefrom.

  2.  A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws.  No payment shall be made in violation of section 355.661.

­­--------

(L. 1994 H.B. 1095)

Effective 7-01-95


---- end of effective  01 Jul 1995 ----

use this link to bookmark section  355.216


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
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House