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Section 351.493 – Penalties for violations by corporations or businesses.

Effective – 01 Jan 2017 351.493. Penalties for violations by corporations or businesses. — If a corporation or other business is found guilty of violating section 566.203, 566.206, 566.209, 566.210, 566.211, 566.212*, 566.213*, or 566.215, in addition to the criminal penalties described in such sections and other remedies provided for by law, the court may: […]

Section 351.494 – Grounds for judicial dissolution.

Effective – 28 Aug 1990 351.494. Grounds for judicial dissolution. — The circuit court may dissolve a corporation: (1) In a proceeding by the attorney general if it is established that: (a) The corporation obtained its articles of incorporation through fraud; or (b) The corporation has continued to exceed or abuse the authority conferred upon […]

Section 351.496 – Procedure for judicial dissolution.

Effective – 28 Aug 1990 351.496. Procedure for judicial dissolution. — 1. Venue for a proceeding by the attorney general to dissolve a corporation lies in Cole County. Venue for a proceeding brought by any other party named in section 351.494 lies in the county where a corporation’s principal office, or, if none in this […]

Section 351.498 – Receivership or custodianship.

Effective – 28 Aug 1990 351.498. Receivership or custodianship. — 1. A court in a judicial proceeding brought to dissolve a corporation may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage, the business and affairs of the corporation. The court shall hold a hearing, after notifying […]

Section 351.502 – Decree of dissolution.

Effective – 28 Aug 1990 351.502. Decree of dissolution. — 1. If after a hearing the court determines that one or more grounds for judicial dissolution described in section 351.494 exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver […]

Section 351.504 – Deposit with state treasurer.

Effective – 28 Aug 1990 351.504. Deposit with state treasurer. — Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them may be reduced to cash and deposited with the state treasurer for safekeeping. When […]

Section 351.522 – Request for termination — contents — fees.

Effective – 29 May 1991 351.522. Request for termination — contents — fees. — 1. A dissolved corporation shall file a request for termination with the secretary of state’s office when it has disposed of all claims filed against it pursuant to sections 351.478 and 351.482 and all remaining assets have been distributed to its […]

Section 351.526 – Certain corporations, directors and officers as trustees.

Effective – 28 Aug 1995 351.526. Certain corporations, directors and officers as trustees. — If the corporate rights and privileges of any corporation were forfeited prior to August 28, 1990, the directors and officers in office when the forfeiture occurred shall be the trustees of the corporation, and shall have full authority to wind up […]