2011 Missouri Revised Statutes
TITLE XXV INCORPORATION AND REGULATION OF CERTAIN UTILITIES AND CARRIERS
Chapter 388 Railroad Corporations
Section 388.230. Capital stock may be reduced, when and how.
Capital stock may be reduced, when and how.
388.230. Any railroad company incorporated by the laws of this state may at any time reduce the amount of its capital or common stock by a vote of three-fifths in interest of all the stock of such company to be affected thereby, at a stockholders' meeting, called in conformity to the bylaws of such company; and if so voted for, said capital stock may be reduced upon the plan in detail thus submitted to the stockholders; provided, that such reduction shall be so made as to affect the interest of all stockholders alike; provided, that nothing in this section shall be so construed as to permit the reduction of the capital stock of any company below the minimum amount prescribed by law.
(RSMo 1939 5148)Prior revisions: 1929 4675; 1919 9865; 1909 3064
Annotation Copyright Missouri Joint Committee on Legislative Research
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