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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 362

previous next Effective - 28 Aug 1967bottom

  362.075.  Issuance and sale of preferred stock shares — subject to director's approval. — Notwithstanding any other provision of the laws of this state governing the organization, incorporation, management, and control of corporations, and more particularly the organization, incorporation, management, and control of banks, trust companies doing a banking business and other financial institutions organized, incorporated, and existing under the laws of this state and subject to the jurisdiction of, and controlled by, the finance director of the state of Missouri, the corporation may, with the consent of a majority of its stockholders, issue and sell its shares of preferred stock, of one or more classes, subject to the provisions of sections 362.075 to 362.100 and the approval of the finance director of the state of Missouri.  Whenever the term "corporation" is used in sections 362.075 to 362.100, it shall be held to mean any bank or trust company doing a banking business in the state of Missouri.

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(RSMo 1939 § 8008, A.L. 1961 p. 463, A.L. 1967 p. 445)


---- end of effective   28 Aug 1967 ----

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