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Code · Missouri · Chapter 354

354.075. Capital required to do business.

95 words·~1 min read·/mo/chapter-354/354-075

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354.075. Capital required to do business. — No corporation subject to the provisions of sections 354.010 to 354.380 shall be permitted to do business in this state unless it shall have a paid-in capital or guaranty fund of not less than one hundred and fifty thousand dollars, in addition to the reserves required in sections 354.010 to 354.380 . The surplus and guaranty fund shall be placed and held on joint deposit with the director for the protection of all subscribers, members and beneficiaries.
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(L. 1973 S.B. 3 § 14, A.L. 1983 H.B. 127)
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