513.125. Bill of sale of shares required, how made--effect thereof. - Missouri Statutes

Bill of sale of shares required, how made--effect thereof.

513.125. When any rights or shares of stock in any bank,association, joint stock company or corporation shall be sold,the officer making such sale shall execute an instrument inwriting, reciting the sale and payment of the consideration, andconveying to the purchaser such rights and shares, and shall alsoleave with the cashier, secretary or chief clerk, or, if there benone, with any other officer of such bank, association, jointstock company or corporation, a copy of the execution and hisreturn thereon; and the purchaser shall thereupon be entitled toall dividends and stock, and to the same privileges as a memberof such company or corporation as such debtor was entitled to.

(RSMo 1939 § 1374)

Prior revisions: 1929 § 1210; 1919 § 1661; 1909 § 2230