393.948. Nonprofit water company law construed liberally, may elect to follow certain corporate laws in articles of incorporation.
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/mo/chapter-393/393-948A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
393.948. Nonprofit water company law construed liberally, may elect to follow certain corporate laws in articles of incorporation. — Sections 393.900 to 393.951 shall be construed liberally. The enumeration of any object, purpose, power, manner, method or thing shall not be deemed to exclude like or objects, purposes, powers, manners, methods or things. To the extent that sections 393.900 to 393.951 do not speak to an issue, the provisions applicable to mutual benefit not-for-profit corporations or limited liability companies, as the nonprofit water company may elect in its articles of incorporation, which are not inconsistent with the provisions of sections 393.900 to 393.951 shall apply to nonprofit water companies.
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(L. 1999 H.B. 450 § 17 merged with S.B. 160 & 82 § 17)