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Code · Missouri · Chapter 351

351.386. Purposes.

100 words·~1 min read·/mo/chapter-351/351-386

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351.386. Purposes. — 1. Every corporation incorporated under this chapter may engage in any lawful business unless a more limited purpose is set forth in the articles of incorporation; however, the corporation shall not be restricted to this limited purpose, unless it has stated it is so restricted in its articles of incorporation.
2. A corporation engaging in a business that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.
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(L. 1990 H.B. 1432, A.L. 1991 H.B. 219)
Effective 5-29-91
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