Section 394.230 – Effect of consolidation or merger.
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 […]
Section 394.240 – Dissolution of cooperative — procedure.
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 […]
Section 394.250 – Fees to be collected by director of revenue.
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 […]
Section 394.260 – Annual fee.
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 […]
Section 394.110 – Bylaws to be adopted.
Effective – 28 Aug 1939 394.110. Bylaws to be adopted. — The original bylaws of a cooperative may be adopted by its board of directors or stockholders. Thereafter bylaws shall be adopted, amended or repealed by its members. The bylaws shall set forth the rights and duties of members and directors and may contain other […]
Section 394.120 – Qualifications for membership — meetings — rules — board of directors authority on certain matters, expires, when.
Effective – 28 Aug 2021, 2 histories 394.120. Qualifications for membership — meetings — rules — board of directors authority on certain matters, expires, when. — 1. No person shall become a member of a cooperative unless such person shall agree to use electric energy furnished by the cooperative when such electric energy shall be […]
Section 394.130 – Territory supplied by cooperative may be divided into voting districts.
Effective – 28 Aug 1939 394.130. Territory supplied by cooperative may be divided into voting districts. — Notwithstanding any other provision of this chapter, the bylaws may provide that the territory in which a cooperative supplies electric energy to its members may be divided into two or more voting districts for the purpose of properly […]
Section 394.140 – Directors to manage cooperative.
Effective – 28 Aug 1939 394.140. Directors to manage cooperative. — 1. The business and affairs of a cooperative shall be managed by a board of not less than five directors, each of whom shall be a member of the cooperative. The bylaws shall prescribe the number of directors, their qualifications, other than those provided […]
Section 394.150 – Officers — removal.
Effective – 28 Aug 1939 394.150. Officers — removal. — The officers of a cooperative 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 shall have ceased to be a director. The offices of […]
Section 394.160 – Rules and regulations prescribed by public service commission — limitation on jurisdiction of commission.
Effective – 28 Aug 1979 394.160. Rules and regulations prescribed by public service commission — limitation on jurisdiction of commission. — 1. Every cooperative constructing, maintaining and operating its electric transmission or distribution lines shall construct, maintain and operate such lines in conformity with the rules and regulations relating to the manner and methods of […]