Missouri § 620.1025 Director, duties.

Missouri Statutes

§ 620.1025 — Director, duties.

Missouri § 620.1025

Title XLADDITIONAL EXECUTIVE DEPARTMENTS

Ch. 620Department of Economic Development

This text of Missouri § 620.1025 (Director, duties.) 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. § 620.1025 (2026).

Text

The director of the department of economic development shall:

(1)Review requests for assistance submitted by Missouri companies, including those in financial difficulty and in danger of closing;

(2)Determine which companies that submit requests could be helped by a plan developed by a team;

(3)Select the members of a team. The members shall be composed of persons with knowledge and experience in a field which is, as nearly as possible, similar to the business. The members shall be:

(a)Experienced corporate managers on loan from successful businesses;

(b)Specialists, from businesses or institutions of higher education, in areas of finance, business modernization, manufacturing, engineering, law or marketing;

(c)Successful retired business executives; and

(d)Government

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The director of the department of economic development shall:

(1) Review requests for assistance submitted by Missouri companies, including those in financial difficulty and in danger of closing;

(2) Determine which companies that submit requests could be helped by a plan developed by a team;

(3) Select the members of a team. The members shall be composed of persons with knowledge and experience in a field which is, as nearly as possible, similar to the business. The members shall be:

(a) Experienced corporate managers on loan from successful businesses;

(b) Specialists, from businesses or institutions of higher education, in areas of finance, business modernization, manufacturing, engineering, law or marketing;

(c) Successful retired business executives; and

(d) Government officials;

(4) Supply to a team such professional, technical, legal, stenographic and clerical help as may be necessary for it to perform its duties.