Missouri § 354.280 Officers of corporation found to be of known bad character or incompetent — authority to transact business, effect.

Missouri Statutes

§ 354.280 — Officers of corporation found to be of known bad character or incompetent — authority to transact business, effect.

Missouri § 354.280

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 354Health Services Corporations — Health Maintenance Organizations — Prepaid Dental Plans

This text of Missouri § 354.280 (Officers of corporation found to be of known bad character or incompetent — authority to transact business, effect.) 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. § 354.280 (2026).

Text

The director shall not grant or continue authority to transact insurance in this state as to any corporation subject to the provisions of sections 354.010 to 354.380 , one or more of the managing officers of which is found by him, after hearing, to be of known bad character or to be so incompetent or untrustworthy as to make the proposed operation hazardous to the health services corporation's current or potential members; or which he has good reason to believe is affiliated directly or indirectly through ownership, control, reinsurance transactions or other insurance or business relations with any person or persons whose business operations are or have been detrimental to policyholders, stockholders, investors, creditors, members or the public by illegal or fraudulent manipulation or diss

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The director shall not grant or continue authority to transact insurance in this state as to any corporation subject to the provisions of sections 354.010 to 354.380 , one or more of the managing officers of which is found by him, after hearing, to be of known bad character or to be so incompetent or untrustworthy as to make the proposed operation hazardous to the health services corporation's current or potential members; or which he has good reason to believe is affiliated directly or indirectly through ownership, control, reinsurance transactions or other insurance or business relations with any person or persons whose business operations are or have been detrimental to policyholders, stockholders, investors, creditors, members or the public by illegal or fraudulent manipulation or dissipation of assets or accounts, or of reinsurance of any insurance company or companies, or by similar injurious actions.