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2018 Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 355 - Nonprofit Corporation Law
Section 355.216 Purchase of membership, restrictions.
Universal Citation: MO Rev Stat § 355.216 (2018)
Effective 01 Jul 1995, see footnote
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 355355.216. Purchase of membership, restrictions. — 1. A public benefit corporation may not purchase any of its memberships or any right arising therefrom.
2. A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of section 355.661.
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(L. 1994 H.B. 1095)
Effective 7-01-95
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