274.150. Decisions by directors referred to members, how. - Missouri Statutes

Decisions by directors referred to members, how.

274.150. Upon demand of one-third of the entire board ofdirectors, made at the same meeting at which the original motionwas passed immediately and so recorded, any matter of policy thathas been approved or passed by the board must be referred to theentire membership or the stockholders for decision at the nextspecial or regular meeting; and a special meeting may be calledfor the purpose.

(RSMo 1939 § 14347)

Prior revision: 1929 § 12689