2013 Missouri Revised Statutes
TITLE XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 354 Health Services Corporations--Health Maintenance
Section 354.340 Unsatisfied judgments against corporation--suspension or revocation of certificate of authority until judgment satisfied.
Unsatisfied judgments against corporation--suspension or revocation of certificate of authority until judgment satisfied.
354.340. Whenever any judgment shall be obtained in any of the courts of this state against any corporation subject to the provisions of sections 354.010 to 354.380 doing business in this state, and said judgment shall remain unsatisfied for fifteen days after execution shall have been lawfully issued thereon, the certificate of authority or license to do business issued or granted to such corporation shall immediately be suspended or revoked by the director of the department of insurance, financial institutions and professional registration, upon said director being notified thereof, and such insurance company shall, after such suspension or revocation, be prohibited from transacting any business in this state until such judgment shall be satisfied.
(L. 1983 H.B. 127)
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