379.520. Content of articles of association. - Missouri Statutes

Content of articles of association.

379.520. Whenever any such corporation desires to availitself of the provisions of sections 379.515 to 379.580 and toreorganize and extend and continue its corporate existence underthe general laws of this state after the time limited by law orits charter for the termination of its corporate existence, thedirectors thereof shall within one year prior to such time drawup and submit to its stockholders, if it be a stock company, orto its policyholders if it be a mutual company, or to itsstockholders and its policyholders in its mutual department if itbe a stock and mutual company, articles of association, whichshall set forth

(1) The name of the company;

(2) The place where the principal office for the transactionof business shall be located;

(3) The specific kinds of business it proposes to transact;

(4) The period of time for which its corporate existenceshall be extended and continued;

(5) The manner in which the corporate powers granted underthe general insurance statutes shall be exercised, showing thenumber of directors, which shall not be more than twenty-five norless than nine, and such other particulars as may be necessary tomake manifest the objects and purposes of the corporation;provided, however, that the name of the corporation shall not bechanged, nor shall the objects or plan of business embrace anyother or more than under the general insurance statutes of thisstate can be carried on by any one corporation.

(RSMo 1939 § 5991)

Prior revisions: 1929 § 5880; 1919 § 6290