351.840. Effect of termination of close corporation status. - Missouri Statutes

Effect of termination of close corporation status.

351.840. 1. A corporation that terminates its status as astatutory close corporation is thereafter subject to allprovisions of this chapter other than sections 351.750 to351.865 or, if incorporated under chapter 356, RSMo, to allprovisions of that law.

2. Termination of statutory close corporation status doesnot affect any right of a shareholder or of the corporationunder an agreement or the articles of incorporation unlesssections 351.750 to 351.865, chapter 356, RSMo, or another lawof this state invalidates the right.

(L. 1990 H.B. 1432)