Section 379.550

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

Effective - 28 Aug 1947   

  379.550.  Board to accept certificate — file with secretary of state — fee — new board — notify director. — 1.  Upon receiving the certificate and authority aforesaid, the board of directors shall by resolution accept the same, and shall file with the secretary of state a copy of said articles of association and of the certificate and authorization of said director, and the corporate existence of said company shall thereupon be deemed and held extended and continued for the period mentioned in said articles of association, and a certificate by the secretary of state, under the seal of the state, that said corporation has been duly organized and its corporate existence extended and continued for such period shall be taken by all courts as evidence of the continued corporate existence of such company.

  2.  They shall also, at the time of filing said articles, pay to the state director of revenue the fee required of new companies on filing articles of corporation.

  3.  If a new board of directors is designated in the articles of association, they shall at the time originally limited by law or the charter of the company for the termination of its corporate existence enter upon the performance of their duties.

  4.  After such time the board of directors of the company shall make the necessary changes, if any, in the stock and business of the company to conform to the articles of association and the general insurance statutes of this state, and shall thereupon notify the director of the fact that the company is prepared to continue operations under the general insurance statutes and articles of association aforesaid.

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(RSMo 1939 § 5997, A.L. 1947 V. I p. 331)

Prior revisions: 1929 § 5886; 1919 § 6296