Missouri Laws 362.095 – Charter shall set forth terms and conditions governing call, redemption and ..
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Terms Used In Missouri Laws 362.095
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
- hereafter: means the time after the statute containing it takes effect. See Missouri Laws 1.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
The preferences and priorities, and the terms and conditions governing the call, redemption, and retirement, of each class of the preferred shares issued by any corporation under authority of sections 362.075 to 362.100 shall be clearly set forth in the amendment to its charter authorizing the issuance and sale of such preferred shares, in the case of all such corporations organized and existing prior to the effective date of said sections and in the articles of agreement for the incorporation of all such corporations hereafter organized and incorporated, all of which shall be approved by the finance director of the state of Missouri.