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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

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  379.520.  Content of articles of association. — Whenever any such corporation desires to avail itself of the provisions of sections 379.515 to 379.580 and to reorganize and extend and continue its corporate existence under the general laws of this state after the time limited by law or its charter for the termination of its corporate existence, the directors thereof shall within one year prior to such time draw up and submit to its stockholders, if it be a stock company, or to its policyholders if it be a mutual company, or to its stockholders and its policyholders in its mutual department if it be a stock and mutual company, articles of association, which shall set forth

  (1)  The name of the company;

  (2)  The place where the principal office for the transaction of business shall be located;

  (3)  The specific kinds of business it proposes to transact;

  (4)  The period of time for which its corporate existence shall be extended and continued;

  (5)  The manner in which the corporate powers granted under the general insurance statutes shall be exercised, showing the number of directors, which shall not be more than twenty-five nor less than nine, and such other particulars as may be necessary to make manifest the objects and purposes of the corporation; provided, however, that the name of the corporation shall not be changed, nor shall the objects or plan of business embrace any other or more than under the general insurance statutes of this state can be carried on by any one corporation.

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(RSMo 1939 § 5991)

Prior revisions: 1929 § 5880; 1919 § 6290


---- end of effective   28 Aug 1939 ----

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