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Marginalia
Code · Missouri · Chapter 351

351.825. Limited liability.

55 words·~1 min read·/mo/chapter-351/351-825

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351.825. Limited liability. — The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.
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(L. 1990 H.B. 1432)
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