Missouri § 620.653 Corporation to approve one qualified fund — transfer of powers — corporation to approve professional fund manager for the qualified fund it approves.

Missouri Statutes

§ 620.653 — Corporation to approve one qualified fund — transfer of powers — corporation to approve professional fund manager for the qualified fund it approves.

Missouri § 620.653

Title XLADDITIONAL EXECUTIVE DEPARTMENTS

Ch. 620Department of Economic Development

This text of Missouri § 620.653 (Corporation to approve one qualified fund — transfer of powers — corporation to approve professional fund manager for the qualified fund it approves.) 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. § 620.653 (2026).

Text

The provisions of sections 620.635 to 620.650 to the contrary notwithstanding, one qualified fund shall be approved by the corporation as soon as practicable after July 8, 1999.  Such fund need not be initially incorporated into the seed capital and commercialization strategy until after the appointment of the board.  After the appointment of the board, all powers exercised by the corporation in relation to that fund shall be transferred to the board.  After the dissolution of the board, all powers exercised by the board shall be transferred to the corporation.  The corporation shall approve the professional fund manager employed by the qualified fund established by this section.

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The provisions of sections 620.635 to 620.650 to the contrary notwithstanding, one qualified fund shall be approved by the corporation as soon as practicable after July 8, 1999. Such fund need not be initially incorporated into the seed capital and commercialization strategy until after the appointment of the board. After the appointment of the board, all powers exercised by the corporation in relation to that fund shall be transferred to the board. After the dissolution of the board, all powers exercised by the board shall be transferred to the corporation. The corporation shall approve the professional fund manager employed by the qualified fund established by this section.