Missouri Statutes
§ 355.421 — Loans, guarantees for directors, officers.
Missouri § 355.421
JurisdictionMissouri
Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Ch. 355Nonprofit Corporation Law
This text of Missouri § 355.421 (Loans, guarantees for directors, officers.) 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. § 355.421 (2026).
Text
A corporation which qualifies for an exemption from federal income tax in accordance with U.S.C. 26 Sec. 501(c) may lend money to or guarantee the obligation of a director or officer of the corporation, provided that such loan does not exceed the lesser of twenty-five percent of the total assets of the corporation or two hundred and fifty thousand dollars.
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Legislative History
(L. 1994 H.B. 1095)
Effective 7-01-95
Nearby Sections
15
§ 355.001
Citation of law.§ 355.011
Filing requirements.§ 355.016
Forms.§ 355.021
Fees.§ 355.023
Additional fee — expiration date.§ 355.025
Purposes for which organized.§ 355.026
Effective date of documents.§ 355.031
Correction of filed documents.§ 355.041
Mandamus action to compel filing.§ 355.046
Evidentiary effect of certificate.§ 355.051
Certificate of existence.§ 355.056
False document — penalty.§ 355.061
Power of secretary of state.Cite This Page — Counsel Stack
Bluebook (online)
Missouri § 355.421, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/355/355.421.