Missouri § 371.110 Board of directors to manage corporation — number, terms.

Missouri Statutes

§ 371.110 — Board of directors to manage corporation — number, terms.

Missouri § 371.110

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 371Development Finance Corporations

This text of Missouri § 371.110 (Board of directors to manage corporation — number, terms.) 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. § 371.110 (2026).

Text

1.The management of the affairs of the corporation shall be administered by a board of directors. In the first instance, the directors, not less than nine, shall be elected by the incorporators to serve until the first annual meeting. Thereafter, the board of directors shall be composed of not less than fifteen persons who shall be residents of this state. Each congressional district shall have at least one director and not more than two directors shall be residents of any one congressional district.

2.If a vacancy occurs in the board of directors through death, resignation or otherwise, the remaining directors may elect a qualified person to fill the vacancy until the next annual meeting of stockholders.

3.The directors shall hold office until their successors are elected and q

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1. The management of the affairs of the corporation shall be administered by a board of directors. In the first instance, the directors, not less than nine, shall be elected by the incorporators to serve until the first annual meeting. Thereafter, the board of directors shall be composed of not less than fifteen persons who shall be residents of this state. Each congressional district shall have at least one director and not more than two directors shall be residents of any one congressional district.

2. If a vacancy occurs in the board of directors through death, resignation or otherwise, the remaining directors may elect a qualified person to fill the vacancy until the next annual meeting of stockholders.

3. The directors shall hold office until their successors are elected and qualified.