Missouri § 355.651 Sale, encumbrance of property.

Missouri Statutes

§ 355.651 — Sale, encumbrance of property.

Missouri § 355.651

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 355Nonprofit Corporation Law

This text of Missouri § 355.651 (Sale, encumbrance of property.) 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. § 355.651 (2026).

Text

1. A corporation may on the terms and conditions and for the consideration determined by the board of directors:

(1)Sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities; or

(2)Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities. 2. Unless the articles require it, approval of the members or any other person of a transaction described in subsection 1 of this section is not required.

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1. A corporation may on the terms and conditions and for the consideration determined by the board of directors:

(1) Sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities; or

(2) Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.

2. Unless the articles require it, approval of the members or any other person of a transaction described in subsection 1 of this section is not required.