Missouri Laws 393.210 – Certificate of commission to be recorded — stock dividend prohibited
Terms Used In Missouri Laws 393.210
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
- Property: includes real and personal property. See Missouri Laws 1.020
No gas corporation, electrical corporation, water corporation or sewer corporation governed by this chapter shall issue any stock, bonds, notes or other evidence of indebtedness, for money, property or services, either directly or indirectly, nor shall it receive any money, property or services in payment of the same, either directly or indirectly, until there has been recorded upon the books of the corporation or person the certificate of the commission herein provided for. No gas corporation, electrical corporation, water corporation or sewer corporation governed by this chapter shall declare any stock, bond or scrip dividend or divide the proceeds of the sale of any stock, bond or scrip among its stockholders unless authorized by the commission so to do.