Missouri § 379.525 Additional requirements for articles of association.

Missouri Statutes

§ 379.525 — Additional requirements for articles of association.

Missouri § 379.525

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 379Insurance Other Than Life

This text of Missouri § 379.525 (Additional requirements for articles of association.) 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. § 379.525 (2026).

Text

1.If such company be a stock company, then the articles of association shall set forth, in addition to the requirements of section 379.520 , the amount of the capital stock, the number of shares into which it shall have been divided, and the amount which has been paid upon each share, and if the capital stock is less than that required by the general statutes it shall be increased to at least that amount.

2.If such company be a mutual company, its articles of association shall set forth, in addition to what is required by section 379.520 , the number of policyholders, the amount of premium notes, their face value, the amount of assessments paid thereon, and in all cases the amount of cash and other assets, itemized, held and owned by such company; provided, that the aggregate amount o

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1. If such company be a stock company, then the articles of association shall set forth, in addition to the requirements of section 379.520 , the amount of the capital stock, the number of shares into which it shall have been divided, and the amount which has been paid upon each share, and if the capital stock is less than that required by the general statutes it shall be increased to at least that amount.

2. If such company be a mutual company, its articles of association shall set forth, in addition to what is required by section 379.520 , the number of policyholders, the amount of premium notes, their face value, the amount of assessments paid thereon, and in all cases the amount of cash and other assets, itemized, held and owned by such company; provided, that the aggregate amount of assets shall not be of less value than required by new companies organizing under the insurance statutes of this state concerning mutual companies.