Missouri § 380.611 Sale of corporate charter, penalty — exclusive right to control a company, approval by director, requirements.

Missouri Statutes

§ 380.611 — Sale of corporate charter, penalty — exclusive right to control a company, approval by director, requirements.

Missouri § 380.611

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 380County, Town and Farmers' Mutual Property Insurance Companies

This text of Missouri § 380.611 (Sale of corporate charter, penalty — exclusive right to control a company, approval by director, requirements.) 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. § 380.611 (2026).

Text

1.It is unlawful for any person to sell the corporate charter of a Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 or operating under the provisions of sections 380.201 to 380.591 . Any violation of this provision is a class A misdemeanor.

2.An agreement of contract under which any person, organization or corporation is granted the exclusive or dominant right to manage or control a Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 , or operating under the provisions of sections 380.201 to 380.591 , shall be filed with and approved by the director of the department of commerce and insurance. The director of the department of commerce and insurance shall approve such agreements or contracts o

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1. It is unlawful for any person to sell the corporate charter of a Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 or operating under the provisions of sections 380.201 to 380.591 . Any violation of this provision is a class A misdemeanor.

2. An agreement of contract under which any person, organization or corporation is granted the exclusive or dominant right to manage or control a Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 , or operating under the provisions of sections 380.201 to 380.591 , shall be filed with and approved by the director of the department of commerce and insurance. The director of the department of commerce and insurance shall approve such agreements or contracts only if they are not detrimental to the policyholders of the company or the public.