Effective – 28 Aug 2011 351.1000. Citation of law. — Sections 351.1000 to 351.1228 shall be known and may be cited as the “Missouri Cooperative Associations Act”. Any cooperative formed under sections 351.1000 to 351.1228 shall not be subject to the provisions regarding cooperative associations found under sections 357.010 to 357.190, and cooperative associations formed […]
Effective – 28 Aug 2011 351.1003. Definitions — As used in sections 351.1000 to 351.1228, the following words shall mean: (1) “Alternative ballot”, an alternative method of voting by a member, and may include voting by electronic, telephonic, internet, or other means that reasonably allow members the opportunity to vote; (2) “Articles”, the articles of […]
Effective – 28 Aug 2011 351.1006. Formation and organization authorized. — A cooperative may be formed and organized under sections 351.1000 to 351.1228 and may conduct or promote any lawful business or purpose for the mutual welfare of its members within or without this state, which may include: (1) Providing, directly or indirectly, products, supplies, […]
Effective – 28 Aug 2011 351.1009. Authorized officer or director required, when — bylaws and board — organizational meeting. — 1. A cooperative may be organized by one or more persons. If any organizer shall be a business entity, then such organizer shall be represented by an authorized officer or director of such business entity […]
Effective – 28 Aug 2011 351.1012. Name of cooperative, requirements. — 1. The name of each cooperative shall include the words “Cooperative”, “Association”, “Cooperative Association”, “Co-op”, or “C.A.” and, except to the extent a cooperative transacts business under a fictitious name registered in this state to the cooperative, shall be the name under which the […]
Effective – 28 Aug 2011 351.1015. Articles, contents, filing requirements — formation, when — transaction of business, when. — 1. (1) The articles shall include: (a) The name of the cooperative; (b) The purpose of the cooperative, which may be or may include the transaction of any lawful business for which a cooperative may be […]
Effective – 28 Aug 2011 351.1018. Amendment of articles, procedure. — 1. Unless otherwise set forth in the articles or bylaws, the articles may be amended as follows: (1) The board, by majority vote, shall pass a resolution stating the text of the proposed amendment, a copy of which shall be forwarded by mail or […]
Effective – 28 Aug 2011 351.1021. Revocation of erroneous filing and curative documents, fee. — Upon notification that a filing by a cooperative has been made in error and receipt of a court order directing him or her to do so, the secretary of state shall revoke the erroneous filing and authorize a curative document […]
Effective – 28 Aug 2011 351.1024. Date of existence — perpetual duration, exception. — 1. The existence of a cooperative shall commence when the articles are filed with the secretary of state, unless a later date is specified in the articles. 2. A cooperative shall have a perpetual duration unless the cooperative otherwise provides for […]
Effective – 28 Aug 2011 351.1027. Office and agent requirements — change of office or agent, procedure — resignation of agent, procedure — appointment of agent by secretary of state, when. — 1. Each cooperative shall have and shall continuously maintain in this state: (1) A registered office that may be, but need not be, […]
Effective – 28 Aug 2011 351.1030. Bylaw requirements, adoption, amendment — emergency bylaws permitted. — 1. A cooperative shall have bylaws governing the cooperative’s business affairs and structure; the qualifications, classification, rights, and obligations of its members; and the classifications, allocations, and distributions of membership interests, which are not otherwise provided in the articles or […]
Effective – 28 Aug 2011 351.1033. Record-keeping requirements — examination of records, when. — 1. (1) A cooperative shall keep as permanent records, minutes of all meetings of its members and of the board, a record of all actions taken by the members or the board without a meeting, and a record of all waivers […]
Effective – 28 Aug 2011 351.1036. Additional powers — act as agent of members, when — contractual authority — property rights — financial rights — employee benefits permitted. — 1. In addition to other powers, a cooperative as an agent or otherwise: (1) May perform every act necessary or proper to conduct of the cooperative’s […]
Effective – 28 Aug 2011 351.1039. Emergency powers and procedures — 1. In anticipation of or during an emergency as provided in subsection 4 of this section, the board may: (1) Modify lines of succession to accommodate for the incapacity of any director, officer, employee, or agent; and (2) Relocate the principal office, designate alternative […]
Effective – 28 Aug 2011 351.1042. Governance by board required — board action, requirements — third-party agreements permitted, when. — 1. A cooperative shall be governed by its board, which shall take all action for and on behalf of the cooperative, except those actions reserved or granted to a manager of the cooperative as set […]
Effective – 28 Aug 2011 351.1045. Minimum number of directors — division into classes permitted. — Except as otherwise set forth in the articles or bylaws, the board shall not have less than five directors, except that a cooperative with fifty or fewer members may have three or more directors as prescribed in the articles […]
Effective – 28 Aug 2011 351.1048. Board election, procedure — voting by mail, procedure. — 1. The organizers shall elect the first board to serve in accordance with subsection 2 of section 351.1009 until directors are elected by members. Until election by members, the first board shall appoint directors to fill any vacancies which may […]
Effective – 28 Aug 2011 351.1051. Vacancy, how filled. — 1. Unless otherwise provided in the articles or bylaws, if a director position which is elected by patron members becomes vacant or a new director position is created for a director that was or is to be elected by patron members, the board, in consultation […]
Effective – 28 Aug 2011 351.1054. Removal of director, procedure. — 1. The provisions of this section apply unless modified by the articles or bylaws. 2. Any director of the cooperative may be removed by the action of the majority of the entire board if the director to be removed shall, at the time of […]
Effective – 28 Aug 2011 351.1057. Meetings, conferences. — 1. Meetings of the board may be held from time to time as provided in the articles or bylaws at any place within or without this state as the board may select or by any means described in subsection 2 of this section. If the board […]
