Section 393.915 – Certain articles to be filed with secretary of state and shall take effect upon being filed by secretary of state.
Effective – 28 Aug 1999 393.915. Certain articles to be filed with secretary of state and shall take effect upon being filed by secretary of state. — 1. Articles of incorporation, amendment, consolidation, merger, conversion, or dissolution, as the case may be, when executed and acknowledged in duplicate and accompanied by such affidavits as may […]
Section 393.918 – Securities law not to apply, when.
Effective – 28 Aug 1999 393.918. Securities law not to apply, when. — The provisions of the securities law of this state shall not apply to any note, bond or other evidence of indebtedness issued by any nonprofit water company transacting business in this state pursuant to sections 393.900 to 393.951 to the United States […]
Section 393.921 – Members must use services of nonprofit water company if available — membership not transferable, exception — meetings, how called, notice, procedure.
Effective – 28 Aug 1999 393.921. Members must use services of nonprofit water company if available — membership not transferable, exception — meetings, how called, notice, procedure. — 1. No person shall become a member of a nonprofit water company unless such person shall agree to use services furnished by the company when such shall […]
Section 393.924 – Company territory may be divided into voting districts.
Effective – 28 Aug 1999 393.924. Company territory may be divided into voting districts. — Notwithstanding any other provision of law, the bylaws may provide that the territory in which a company supplies water services may be divided into two or more voting districts for the purpose of properly distributing its directors over the area […]
Section 393.927 – Board of directors, powers, duties, number, terms of office, procedure.
Effective – 28 Aug 1999 393.927. Board of directors, powers, duties, number, terms of office, procedure. — 1. The business and affairs of a company shall be managed by a board of not less than five directors, each of whom shall be a member of the company. The bylaws shall prescribe the number of directors, […]
Section 393.930 – Officers, qualifications, powers and duties, terms of office.
Effective – 28 Aug 1999 393.930. Officers, qualifications, powers and duties, terms of office. — The officers of a nonprofit water company shall consist of a president, vice president, secretary and treasurer, who shall be elected annually. No person shall continue to hold the offices of president or vice president after he or she shall […]
Section 393.903 – Corporations may convert to nonprofit water companies, how.
Effective – 28 Aug 1999 393.903. Corporations may convert to nonprofit water companies, how. — Any corporation organized pursuant to the laws of this state for the purpose, among others, of water treatment may be converted into a nonprofit water company and become subject to sections 393.900 to 393.951 with the same effect as if […]
Section 393.906 – Powers and duties.
Effective – 28 Aug 1999 393.906. Powers and duties. — A nonprofit water company shall have power: (1) To sue and be sued, in its corporate name; (2) To have succession by its corporate name for the period stated in its articles of incorporation or, if no period is stated in its articles of incorporation, […]
Section 393.909 – May amend articles of incorporation, how.
Effective – 28 Aug 1999 393.909. May amend articles of incorporation, how. — A company may amend its articles of incorporation by complying with the following requirements: (1) The proposed amendment shall be first approved by the board of directors and shall then be submitted to a vote of the members at any annual or […]
Section 393.912 – Change of principal office, how.
Effective – 28 Aug 1999 393.912. Change of principal office, how. — A company may, upon authorization of a majority of the members at any regular or special meeting, change the location of its principal office by filing a certificate of change of principal office, executed and acknowledged in duplicate by its president or vice […]