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

Cite as:§ 380.611, RSMo
Currency:Current with changes from the 2019 Legislative Session
 
FREE EXCERPT

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...

To continue reading

FREE SIGN UP