354.050. General powers of corporation.
83 words·~1 min read·
/mo/chapter-354/354-050A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
354.050. General powers of corporation. — The corporation shall have all the powers, rights and privileges of a corporation organized under chapter 355 , except insofar as such provisions are inconsistent with the provisions of sections 354.010 to 354.380 , but it shall not commence its business or operations until it receives authority to do so from the director of the department of commerce and insurance, as provided in section 354.055 .
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(L. 1973 S.B. 3 § 9, A.L. 1983 H.B. 127)