351.065. Incorporation tax or fee. - Missouri Statutes

Incorporation tax or fee.

351.065. 1. No corporation shall be organized under thegeneral and business corporation law of Missouri unless thepersons named as incorporators shall at or before the filing ofthe articles of incorporation pay to the director of revenuethree dollars for the issuance of the certificate and fiftydollars for the first thirty thousand dollars or less of theauthorized shares of the corporation and a further sum of fivedollars for each additional ten thousand dollars of itsauthorized shares, and no increase in the authorized shares ofthe corporation shall be valid or effectual unless thecorporation has paid the director of revenue five dollars foreach ten thousand dollars or less of the increase in theauthorized shares of the corporation, and the corporation shallfile a duplicate receipt issued by the director of revenue forthe payments required by this section to be made with thesecretary of state as is provided by this chapter for the filingof articles of incorporation; except that the requirements ofthis section to pay incorporation taxes and fees shall not applyto foreign railroad corporations which built their lines ofrailway into or through this state prior to November 21, 1943.

2. For the purpose of this section, the dollar amount ofauthorized shares is the par value thereof in the case of shareswith par value and is one dollar per share in the case of shareswithout par value.

(RSMo 1939 § 5013, A.L. 1943 p. 410 § 113, A.L. 1945 p. 711, A.L. 1975 S.B. 14, A.L. 1978 S.B. 755)

Prior revisions: 1929 § 4539; 1919 § 9735; 1909 § 2976