362.095. Charter shall set forth terms and conditions governing call, redemption and retirement of shares.
124 words·~1 min read·
/mo/chapter-362/362-095A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
362.095. Charter shall set forth terms and conditions governing call, redemption and retirement of shares. — The preferences and priorities, and the terms and conditions governing the call, redemption, and retirement, of each class of the preferred shares issued by any corporation under authority of sections 362.075 to 362.100 shall be clearly set forth in the amendment to its charter authorizing the issuance and sale of such preferred shares, in the case of all such corporations organized and existing prior to the effective date of said sections and in the articles of agreement for the incorporation of all such corporations hereafter organized and incorporated, all of which shall be approved by the finance director of the state of Missouri.
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(RSMo 1939 § 8012)