☰ Revisor of Missouri

Title XXV INCORPORATION AND REGULATION OF CERTAIN UTILITIES AND CARRIERS

Chapter 387

< > Effective - 28 Aug 1996 bottom

  387.240.  Right to issue stocks, bonds and notes is subject to regulation by state. — The power of motor carriers to issue stocks, and bonds, notes and other evidences of indebtedness and to create liens upon their property situated in this state is a special privilege, the right of supervision, regulation, restriction, and control of which is and shall continue to be vested in the state, and such power shall be exercised as provided by law and under such rules and regulations as the division of motor carrier and railroad safety may prescribe.

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(RSMo 1939 § 5631, A.L. 1996 S.B. 780)

Prior revisions: 1929 § 5175; 1919 § 10463


---- end of effective   28 Aug 1996 ----

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