Missouri § 356.161 Rights and obligations of unqualified persons acquiring shares by foreclosure.

Missouri Statutes

§ 356.161 — Rights and obligations of unqualified persons acquiring shares by foreclosure.

Missouri § 356.161

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 356Professional Corporations

This text of Missouri § 356.161 (Rights and obligations of unqualified persons acquiring shares by foreclosure.) 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. § 356.161 (2026).

Text

If any shares of stock in a professional corporation are acquired by any person who is a disqualified person in foreclosure of a pledge or otherwise, the then owner of the shares shall hold them subject to the same rights and obligations and the professional corporation shall be subject to the same rights and obligations under sections 356.011 to 356.261 as if the then owner of the shares had become a disqualified person.

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If any shares of stock in a professional corporation are acquired by any person who is a disqualified person in foreclosure of a pledge or otherwise, the then owner of the shares shall hold them subject to the same rights and obligations and the professional corporation shall be subject to the same rights and obligations under sections 356.011 to 356.261 as if the then owner of the shares had become a disqualified person.