351.386. Purposes. - Missouri Statutes

Purposes.

351.386. 1. Every corporation incorporated under thischapter may engage in any lawful business unless a more limitedpurpose is set forth in the articles of incorporation; however,the corporation shall not be restricted to this limited purpose,unless it has stated it is so restricted in its articles ofincorporation.

2. A corporation engaging in a business that is subject toregulation under another statute of this state may incorporateunder this chapter only if permitted by, and subject to alllimitations of, the other statute.

(L. 1990 H.B. 1432, A.L. 1991 H.B. 219)

Effective 5-29-91