362.090. Par value of preferred stock issued and offered for sale. - Missouri Statutes

Par value of preferred stock issued and offered for sale.

362.090. No shares of preferred stock having a par value ofless than twenty dollars nor more than one hundred dollars shallbe issued by any corporation to which sections 362.075 to 362.100apply; and no such shares shall be sold under authority of thislaw for less than one hundred cents on the dollar of the parvalue thereof net to the issuing corporation; and no such sharesshall be valid until one hundred percent of the par value thereofin lawful money of the United States has been paid into thetreasury of the issuing corporation.

(RSMo 1939 § 8011)