Missouri Constitution Article VI Sec. 23 – Limitation on ownership of corporate stock, use of credit and grants of public funds by local governments
No county, city or other political corporation or subdivision of the state shall own or subscribe for stock in any corporation or association, or lend its credit or grant public money or thing of value to or in aid of any corporation, association or individual, except as provided in this constitution.
Terms Used In Missouri Constitution Article VI Sec. 23 - Limitation on ownership of corporate stock, use of credit and grants of public funds by local governments
- 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.