2018 Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 355 - Nonprofit Corporation Law
Section 355.141 Power to act — challenge.
Effective 01 Jul 1995, see footnote
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 355355.141. Power to act — challenge. — 1. Except as provided in subsection 2 of this section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.
2. A corporation's power to act may be challenged in a proceeding against the corporation to enjoin an act where a third party has not acquired rights. The proceeding may be brought by the attorney general, a director, or by a member or members in a derivative proceeding.
3. A corporation's power to act may be challenged in a proceeding against an incumbent or former director, officer, employee or agent of the corporation. The proceeding may be brought by a director, or by the corporation directly, derivatively, or through a receiver, a trustee or other legal representative, or in the case of a public benefit corporation, by the attorney general.
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(L. 1994 H.B. 1095)
Effective 7-01-95
