2005 Missouri Revised Statutes - § 352.050. — What associations not to incorporate under this chapter--company formed to erect building for use of society, may incorporate.

352.050. No association, society or company formed for manufacturing, agricultural or business purposes of any kind, or for pecuniary profit in any form, nor any corporation having a capital stock divided into shares, shall be incorporated under this chapter; provided, that any company formed to erect a building for the exclusive use of a society within the purview of this chapter, without pecuniary consideration from such society, may become a body corporate under this chapter notwithstanding it has a capital stock in shares, and may receive subscriptions to such stock, to be paid in real estate, in money, property or services rendered to such company.

(RSMo 1939 � 5444)

Prior revisions: 1929 � 5003; 1919 � 10271; 1909 � 3439