Mo. Rev. Stat. ch. 371 – Development Finance Corporations | Midpage

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Revised Statutes of Missouri

Chapter 371

Mo. Rev. Stat. ch. 371

Development Finance Corporations

371.010Purpose of chapter 371.020Number of incorporators required 371.030Director of finance to investigate and approve proposed articles 371.040Organization may be completed after approval 371.050Certificate of organization to be filed — contents 371.060State banking and savings and loan board to direct issuance of certificate of incorporation, when 371.070Corporate existence begins, when — recording of articles 371.080Articles of incorporation — contents 371.090Amendment of articles, procedure — when effective 371.100Stockholders' meetings — election of directors — voting rights 371.110Board of directors to manage corporation — number, terms 371.120Members of corporation to be financial institutions — loans by members, limits 371.130Powers of corporation 371.140Development finance corporations subject to chapter 351 and have corporate powers and rights 371.150Accumulation of earned surplus, requirements 371.160Limit on obligations, exceptions 371.170Deposits and loans of funds, regulation — not to receive deposits 371.180Limitation on lending powers 371.190Examination by director of finance — reports 371.200Stockholders not to have preemptive rights 371.210Interest paid exempt from intangible and income taxes 371.220Corporate income exempt from income tax 371.230Compromise, arrangement or plan of reorganization, how adopted — effect 371.240Dissolution, when authorized — procedure 371.250Corporations and banks may own stock or securities of company, securities exempt