Missouri § 351.310 Board of directors, powers, qualifications, compensation.

Missouri Statutes

§ 351.310 — Board of directors, powers, qualifications, compensation.

Missouri § 351.310

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 351General and Business Corporations

This text of Missouri § 351.310 (Board of directors, powers, qualifications, compensation.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 351.310 (2026).

Text

The property and business of a corporation shall be controlled and managed by a board of directors.  Qualifications of directors may be prescribed in the articles of incorporation, or in the bylaws.  The compensation of the directors may be set by the board of directors unless otherwise provided in the articles of incorporation or the bylaws.

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Legislative History

(RSMo 1939 § 5346, A.L. 1943 p. 410 § 36, A.L. 1965 p. 532, A.L. 1975 S.B. 14) Prior revisions: 1929 § 4941; 1919 § 10152; 1909 § 3347 Representative actions by shareholders to enforce corporation's rights, RSMo 507.070 (1961) Where corporation whose sole asset was a fifty-six acre tract of land equipped as a golf and country club leased the same to another corporation which operated a country club, the renewal of the lease for a period of five years made by the board of directors was a valid exercise of the power vested in them and not a disposition of all of the corporate assets. Santa Fe Hills Golf and Country Club v. Safehi Realty Company (Mo.), 349 S.W.2d 27.