Effective – 28 Aug 1939 394.200. Cooperative of adjacent state may extend lines and transact business in this state, when — service of process on, how made. — 1. Any corporation organized on a nonprofit or a cooperative basis for the purpose of supplying electric energy in rural areas and owning and operating electric transmission […]
Effective – 11 Jul 1991 394.210. Cooperatives may consolidate, how. — Any two or more cooperatives, each of which is herein designated a “consolidating cooperative”, may consolidate into a new cooperative, herein designated “the new cooperative”, by complying with the following requirements: (1) The proposition for the consolidation of the consolidating cooperatives into the new […]
Effective – 11 Jul 1991 394.220. Cooperatives may merge, how. — Any one or more cooperatives, each of which is herein designated a “merging cooperative”, may merge into another cooperative, herein designated the “surviving cooperative”, by complying with the following requirements: (1) The proposition for the merger of the merging cooperatives into the surviving cooperative […]
Effective – 28 Aug 1939 394.230. Effect of consolidation or merger. — The effect of consolidation or merger shall be as follows: (1) The several cooperatives, parties to the consolidation or merger, shall be a single cooperative, which in the case of a consolidation, shall be the new cooperative provided for in the articles of […]
Effective – 28 Aug 1939 394.240. Dissolution of cooperative — procedure. — 1. A cooperative which has not commenced business may dissolve voluntarily by delivering to the secretary of state articles of dissolution, executed and acknowledged in duplicate on behalf of the cooperative by a majority of the incorporators, which shall state: (1) The name […]
Effective – 28 Aug 2014 394.250. Fees to be collected by director of revenue. — 1. There shall be charged and collected for: (1) Filing articles of incorporation, ten dollars; (2) Filing articles of amendment, one dollar; (3) Filing articles of consolidation or merger, ten dollars; (4) Filing articles of conversion, ten dollars; (5) Filing […]
Effective – 28 Aug 1947 394.260. Annual fee. — Each cooperative and each foreign corporation transacting business in this state pursuant to this chapter shall pay annually, on or before the first day of July, to the state director of revenue, a fee of ten dollars. ——– (RSMo 1939 § 5413, A.L. 1947 V. I […]
Effective – 28 Aug 1939 394.270. Members not to be liable for debts of cooperative. — The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative. ——– (RSMo 1939 § 5407)
Effective – 28 Aug 1939 394.280. Provisions of securities law not to apply. — The provisions of the securities law of Missouri shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative or foreign corporation transacting business in this state pursuant to this chapter to the United States of […]
Effective – 28 Aug 1939 394.290. Acknowledgments, who may take. — No person who is authorized to take acknowledgments under the laws of this state shall be disqualified from taking acknowledgments of instruments executed in favor of a cooperative or to which it is a party, by reason of being an officer, director or member […]
Effective – 28 Aug 1939 394.300. Waiver of notice shall be deemed equivalent to such notice, when. — 1. Whenever any notice is required to be given under the provisions of this chapter or under the provisions of the articles of incorporation or bylaws of a cooperative, waiver thereof in writing, signed by the person […]
Effective – 28 Aug 1939 394.310. Chapter to be construed liberally. — This chapter shall be construed liberally. The enumeration of any object, purpose, power, manner, method or thing shall not be deemed to exclude like or similar objects, purposes, powers, manners, methods or things. ——– (RSMo 1939 § 5416)
Effective – 28 Aug 2007 394.312. Territorial agreements authorized, procedure — public service commission, duties, fees may be set. — 1. Competition to provide retail electric service, as between rural electric cooperatives, electrical corporations and municipally owned utilities may be displaced by written territorial agreements, but only to the extent hereinafter provided for in this […]
Effective – 28 Aug 2021, 2 histories 394.315. Definitions — rural electric cooperative exclusive right to serve structures, exception — change of suppliers, procedure — new structure built, effect of. — 1. As used in this section, the following terms mean: (1) “Permanent service”, electrical service provided through facilities which have been permanently installed on […]
