351.080. First meeting and organization of board. - Missouri Statutes

First meeting and organization of board.

351.080. 1. If the persons to constitute the first board ofdirectors of the corporation are not named in the articles ofincorporation of the corporation, the incorporators, by unanimousvote at a meeting or by unanimous written consent, shall have thepower to adopt the original bylaws of the corporation,notwithstanding the provisions of subsection 1 of section351.290, and to name the persons who shall constitute the firstboard of directors of the corporation.

2. As soon as convenient, an organization meeting of thefirst board of directors shall be held either within or withoutthis state at the call of a majority of the directors, for thepurpose of electing officers, accepting or rejectingsubscriptions for shares, authorizing the issuance of shares,doing any other acts to perfect the organization of thecorporation and transacting such other business as may comebefore the meeting.

(RSMo 1939 § 4998, A.L. 1943 p. 410 § 54, A.L. 1975 S.B. 14, A.L. 1979 S.B. 216)

Prior revisions: 1929 § 4527; 1919 § 9723; 1909 § 2964