356.121. Proxies and voting trusts, valid when.
96 words·~1 min read·
/mo/chapter-356/356-121A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
356.121. Proxies and voting trusts, valid when. — No proxy for voting shares of a professional corporation shall be valid unless it shall be given to a qualified person. A voting trust with respect to shares of a professional corporation shall not be valid unless all the trustees and beneficiaries thereof are qualified persons; except that, a voting trust may be validly continued for a period of six months after the death of a deceased beneficiary or for a period of six months after a beneficiary has become a disqualified person.
--------
(L. 1986 H.B. 1230)