2017 Missouri Revised Statutes
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 351 General and Business Corporations
Section 351.1201 Court order of dissolution, when.
Effective 28 Aug 2011
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 351351.1201. Court order of dissolution, when. — 1. In an involuntary or supervised voluntary dissolution, after the costs and expenses of the proceedings and all debts, obligations, and liabilities of the cooperative have been paid or discharged and the remaining property and assets have been distributed to its members or if its property and assets are not sufficient to satisfy and discharge the costs, expenses, debts, obligations, and liabilities, when all the property and assets have been applied so far as they will go to their payment according to their priorities, the court shall enter an order dissolving the cooperative.
2. When the order dissolving the cooperative has been entered, the cooperative shall be dissolved.
(L. 2011 S.B. 366)
