379.540. Articles to be acknowledged and declaration of proceeding to be made.

270 words·~1 min read·/mo/chapter-379/379-540

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379.540. Articles to be acknowledged and declaration of proceeding to be made. — 1. If the assent is obtained as provided in section 379.535 , the directors of the company, or a majority of them, or any five stockholders, may sign and acknowledge the articles of association adopted in the same manner provided for the acknowledgment of deeds, and the president and secretary of the meeting shall draw up a declaration in the form of an affidavit verified by them, which shall set forth the proceedings of the meeting, the propositions acted upon, the number of votes cast upon each proposition submitted, the number of votes cast in favor of and the number of votes cast against the same, and, if it be a stock company, the amount of stock held respectively by those voting in favor of and against the same, and if the company be a stock company the amount of stock held by persons not voting, or if a mutual company the number of policyholders not voting, or if a stock and mutual company the amount of stock held by persons not voting and the number of policyholders in the mutual department not voting upon such propositions; to which declaration shall be attached the articles of association as adopted by the meeting and acknowledged as aforesaid.

2. Said declaration and articles of association shall thereupon be delivered to the board of directors and shall be by them submitted to and filed with the director of the department of commerce and insurance of this state.

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(RSMo 1939 § 5995)

Prior revisions: 1929 § 5884; 1919 § 6294