362.075. Issuance and sale of preferred stock shares--subject to director's approval. - Missouri Statutes

Issuance and sale of preferred stock shares--subject todirector's approval.

362.075. Notwithstanding any other provision of the laws ofthis state governing the organization, incorporation, management,and control of corporations, and more particularly theorganization, incorporation, management, and control of banks,trust companies doing a banking business and other financialinstitutions organized, incorporated, and existing under the lawsof this state and subject to the jurisdiction of, and controlledby, the finance director of the state of Missouri, thecorporation may, with the consent of a majority of itsstockholders, issue and sell its shares of preferred stock, ofone or more classes, subject to the provisions of sections362.075 to 362.100 and the approval of the finance director ofthe state of Missouri. Whenever the term "corporation" is usedin sections 362.075 to 362.100, it shall be held to mean any bankor trust company doing a banking business in the state ofMissouri.

(RSMo 1939 § 8008, A.L. 1961 p. 463, A.L. 1967 p. 445)