379.620. Acceptance by resolution of directors. - Missouri Statutes

Acceptance by resolution of directors.

379.620. Upon receiving the certificate and authorization aforesaid, theboard of directors shall, by resolution, accept the same, and shall file withthe secretary of state a copy of said articles of association and of thecertificate and authorization of said director, and the corporate existenceshall date from the time of filing said copies of such articles and acertificate by the secretary of state, under the seal of the state, that saidcorporation has been duly organized, shall be taken by all courts of thisstate as evidence of the corporate existence of such corporation. They shallalso, at the time of filing said articles, pay into the state treasury the feerequired of new companies on filing articles of corporation. If a new boardof directors is designated in the articles of association, they shall at onceenter upon the performance of their duties. The board of directors designatedin the articles of association shall thereupon make the necessary changes inthe stock and business of the company to conform to the articles ofassociation and the general insurance statutes of this state, and shallthereupon notify the director of the department of insurance, financialinstitutions and professional registration of the fact that the company isprepared to continue operations under the general insurance statutes andarticles of association aforesaid.

(RSMo 1939 § 5948)

Prior revisions: 1929 § 5837; 1919 § 6247; 1909 § 7038