Missouri Statutes
§ 388.060 — Corporate powers to cease, when.
Missouri § 388.060
JurisdictionMissouri
Title XXVINCORPORATION AND REGULATION OF CERTAIN UTILITIES AND CARRIERS
Ch. 388Railroad Corporations
This text of Missouri § 388.060 (Corporate powers to cease, when.) 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. § 388.060 (2026).
Text
If any corporation formed under this chapter shall not, within two years after its articles of association are filed and recorded in the office of the secretary of state, begin the construction of its road, and shall not within one year thereafter expend thereon not less than ten percent on the amount of its capital, or shall not finish its road and put it in operation in ten years from the time of filing its articles of association as aforesaid, its corporate existence and powers shall cease; provided, that if a portion of its road shall be finished and in operation, it shall continue its corporate existence, with power to hold and manage the portion of its road so constructed, and for no other purpose.
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Legislative History
(RSMo 1939 § 5248)
Prior revisions: 1929 § 4810; 1919 § 9999; 1909 § 3212
Nearby Sections
15
§ 388.010
Railroad corporation defined.§ 388.020
Chapter to govern.§ 388.060
Corporate powers to cease, when.§ 388.100
Directors to appoint officers.§ 388.110
Ineligibility for office.Cite This Page — Counsel Stack
Bluebook (online)
Missouri § 388.060, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/388/388.060.