Missouri § 388.230 Capital stock may be reduced, when and how.

Missouri Statutes

§ 388.230 — Capital stock may be reduced, when and how.

Missouri § 388.230

Title XXVINCORPORATION AND REGULATION OF CERTAIN UTILITIES AND CARRIERS

Ch. 388Railroad Corporations

This text of Missouri § 388.230 (Capital stock may be reduced, when and how.) 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. § 388.230 (2026).

Text

Any railroad company incorporated by the laws of this state may at any time reduce the amount of its capital or common stock by a vote of three-fifths in interest of all the stock of such company to be affected thereby, at a stockholders' meeting, called in conformity to the bylaws of such company; and if so voted for, said capital stock may be reduced upon the plan in detail thus submitted to the stockholders; provided, that such reduction shall be so made as to affect the interest of all stockholders alike; provided, that nothing in this section shall be so construed as to permit the reduction of the capital stock of any company below the minimum amount prescribed by law.

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Any railroad company incorporated by the laws of this state may at any time reduce the amount of its capital or common stock by a vote of three-fifths in interest of all the stock of such company to be affected thereby, at a stockholders' meeting, called in conformity to the bylaws of such company; and if so voted for, said capital stock may be reduced upon the plan in detail thus submitted to the stockholders; provided, that such reduction shall be so made as to affect the interest of all stockholders alike; provided, that nothing in this section shall be so construed as to permit the reduction of the capital stock of any company below the minimum amount prescribed by law.