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 394.270 – Members not to be liable for debts of cooperative.
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)
Section 394.280 – Provisions of securities law not to apply.
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 […]
Section 394.290 – Acknowledgments, who may take.
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 […]
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 […]
Section 394.170 – Revenues of cooperative — disposition.
Effective – 28 Aug 1939 394.170. Revenues of cooperative — disposition. — 1. Revenues of a cooperative for any fiscal year in excess of the amount thereof necessary: (1) To defray expenses of the cooperative and of the operation and maintenance of its facilities during such fiscal year; (2) To pay interest and principal obligations […]
Section 394.180 – Sale of property by cooperative — membership approval required.
Effective – 28 Aug 1971 394.180. Sale of property by cooperative — membership approval required. — 1. A cooperative may not sell, lease or otherwise dispose of, except by mortgage, or deeds of trust, all or any substantial portion of its property unless such sale, lease, or other disposition is authorized at a duly held […]
Section 394.190 – Effect of mortgage or deed of trust executed by cooperative.
Effective – 28 Aug 1939 394.190. Effect of mortgage or deed of trust executed by cooperative. — Any mortgage, deed of trust, or other instrument executed by a cooperative or foreign corporation transacting business in this state pursuant to this chapter, which, by its terms, creates a lien upon real and personal property then owned […]
Section 394.100 – Articles to be filed with secretary of state.
Effective – 28 Aug 1939 394.100. Articles to be filed with 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 be required by applicable provisions of this chapter, shall be presented to […]
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 […]