reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.527 - Investment of fund moneys.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 2008
348.527. Investment of fund moneys. —
Moneys in the fund, both unobligated and obligated as a reserve, which in the judgment of the authority are not currently needed for payments of defaults of guaranteed loans, may be invested by the state treasurer, and any income therefrom shall be deposited to the credit of the fund.
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(L. 2008 S.B. 931)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.530 - Eligibility for loans — rulemaking authority.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 2008
348.530. Eligibility for loans — rulemaking authority. —
1. Persons eligible for guarantees for loans under the provisions of sections 348.515 to 348.533 are individuals engaged in farming operations as defined in section 348.015, who intend to use the proceeds from the loan to finance the purchase of livestock feed used to produce livestock and input used to produce crops for the feeding of livestock, and who are seeking a loan or loans to finance not more than ninety percent of the anticipated cost.
2. The authority shall adopt and promulgate rules establishing eligibility under the provisions of sections 348.515 to 348.533, taking into consideration the individual's ability to repay the loan, the general economic conditions of the area in which the individual will be located, the prospect of success of the particular farm operation for which the loan is sought and such other factors as the authority may establish. The eligibility of any person for a loan guarantee under the provisions of sections 348.515 to 348.533 shall not be determined or otherwise affected by any consideration of that person's race, religion, sex, creed, color, or location of residence. The authority may also provide for:
(1) The requirement or nonrequirement of security or endorsement and the nature thereof;
(2) The manner and time of repayment of the principal and interest;
(3) The maximum rate of interest;
(4) The right of the borrower to accelerate payments without penalty;
(5) The amount of the guaranty charge;
(6) The effective period of the guaranty;
(7) The percent of the loan, not to exceed fifty percent, covered by the guaranty;
(8) The assignability of loans by the lender;
(9) Procedures in event of default by the borrower;
(10) The due diligence effort on the part of lenders for collection of guaranteed loans;
(11) Collection assistance to be provided to lenders; and
(12) The extension of the guaranty in consideration of duty in the Armed Forces, unemployment, natural disasters, or other hardships.
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(L. 2008 S.B. 931)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.533 - Policy for collection and recovery of loans — action authorized to recover amounts due.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 2008
348.533. Policy for collection and recovery of loans — action authorized to recover amounts due. —
The authority, by rule, shall determine the policy of collections and recovery of loans, including the use of private collection agencies. The authority may institute action to recover any amount due the state in any loan transaction, use private collection agencies, or otherwise carry out the policy of the authority. The lender making the original loan shall cooperate with the authority in the collection of the loan and shall use its regular collection procedures prior to any action being undertaken by the authority.
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(L. 2008 S.B. 931)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.010 - Definitions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 2010
349.010. Definitions. —
As used in sections 349.010 to 349.100, unless the context otherwise requires, the following words and terms shall have the meanings indicated:
(1)
"Corporations"
means any authority organized pursuant to the provisions of sections 349.010 to 349.100;
(2)
"County and municipality"
.
"County"
means any county in the state.
"Municipality"
means any city, incorporated town or village in the state;
(3)
"Governing body"
shall mean the board or body in which the general legislative powers of the county or municipality are vested;
(4)
"Project"
means the construction, extension, and improvement of public roads or the purchase, construction, extension and improvement of plants, buildings, structures, or facilities, whether or not now in existence, including the real estate, used or to be used as a factory, assembly plant, manufacturing plant, processing plant, fabricating plant, distribution center, warehouse building, public facility, waterborne vessels excepting commercial passenger vessels for hire in a city not within a county built prior to 1950, office building, for-profit or not-for-profit hospital, not-for-profit nursing or retirement facility or combination thereof, physical fitness, recreational, indoor and resident outdoor facilities operated by not-for-profit organizations, commercial or agricultural facility, or facilities for the prevention, reduction or control of pollution. Included in all of the above shall be any required fixtures, equipment and machinery. Excluded are facilities designed for the sale or distribution to the public of electricity, gas, water or telephone, together with any other facilities for cable television and those commonly classified as public utilities. Projects of a municipal authority must be located wholly within the incorporated limits of the municipality except that such projects may be located outside the corporate limits of such municipality and within the county in which the municipality is located with permission of the governing body of the county. Projects of a county authority must be located within an unincorporated area of such county except that such projects may be located within the incorporated limits of a municipality within such county, when approved by the governing body of the municipality.
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(L. 1977 S.B. 267 § 1, A.L. 1980 H.B. 1582 & 1277, A.L. 1982 S.B. 681, A.L. 1985 S.B. 282, A.L. 1996 H.B. 1237, A.L. 2010 H.B. 1595)
(1978) Act authorizing industrial development corporations does not violate provisions of constitution relating to lending of public credit, taxes for public purposes, and subject of legislation. State ex rel. Jardon v. Industrial Development Authority of Jasper County (Mo.), 570 S.W.2d 666.
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.012 - Promotion of commercial and industrial development, powers of governing bodies of cities and counties.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1991
349.012. Promotion of commercial and industrial development, powers of governing bodies of cities and counties. —
The governing body shall have the power to spend its funds to promote commercial and industrial development and, in order to achieve such promotion, to engage in any activities, either on its own or in conjunction and by contract with any not-for-profit organization, which it deems necessary to carry on such promotional work.
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(L. 1980 H.B. 1582 & 1277, A.L. 1991 S.B. 246)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.015 - No eminent domain.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.015. No eminent domain. —
Any corporation subject to sections 349.010 to 349.100 is prohibited the power of eminent domain.
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(L. 1977 S.B. 267 § 2)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.020 - Agricultural operations not authorized.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.020. Agricultural operations not authorized. —
No corporation shall itself be authorized to operate any manufacturing, industrial or commercial enterprise or conduct an agricultural operation as prohibited by chapter 350.
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(L. 1977 S.B. 267 § 3)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.025 - Who may be incorporators.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.025. Who may be incorporators. —
Whenever any number of natural persons, not less than three, each of whom shall be a duly qualified elector of and taxpayer in the county or municipality, shall file with the governing body thereof an application in writing seeking permission to apply for the incorporation of an industrial development corporation of such county or municipality to develop commercial, industrial, agricultural or manufacturing facilities, the governing body shall proceed to consider such application. If the governing body shall by appropriate order or resolution duly adopted find and determine that it is wise, expedient, necessary or advisable that the corporation be formed and shall authorize the persons making such application to proceed to form such corporation and shall approve the form of articles of incorporation proposed to be used in organizing the corporation, then the persons making such application shall execute, acknowledge and file articles of incorporation for the corporation as hereinafter provided. No corporation may be formed unless such application shall have first been filed with the governing body of the county or municipality and the governing body shall have adopted an order or resolution as provided in this section.
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(L. 1977 S.B. 267 § 4)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.030 - Articles of incorporation, form and contents of.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.030. Articles of incorporation, form and contents of. —
The articles of incorporation shall set forth
(1) The names and residences of the applicants together with a recital that each of them is an elector of and taxpayer in the county or municipality;
(2) The name of the corporation, which shall be "The Industrial Development Authority of the ______ of ______" (the blank spaces to be filled in with the name of the county or municipality, including the proper designation thereof as county, city, town or village) if such name shall be available for use by the corporation and if not available then the incorporators shall designate some other similar name that is available;
(3) A recital that permission to organize the corporation had been granted by order or resolution duly adopted by the governing body of the county or municipality and the date of the adoption of such order or resolution;
(4) The location of the principal office of the corporation (which shall be in the county or municipality);
(5) The purpose for which the corporation is proposed to be organized;
(6) The number of directors of the corporation;
(7) The period, if any, for the duration of the corporation;
(8) Any other matter which the applicants may choose to insert therein which shall not be inconsistent with this chapter or with the laws of the state of Missouri.
­­The articles of incorporation shall be subscribed and acknowledged by each of the applicants before an officer authorized by the laws of Missouri to take acknowledgments to deeds.
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(L. 1977 S.B. 267 § 5)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.035 - Articles, where filed — secretary of state to issue certificate, when.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.035. Articles, where filed — secretary of state to issue certificate, when. —
When executed and acknowledged in conformity with section 349.030 above, the articles of incorporation shall be filed with the secretary of state. The secretary of state shall thereupon examine the articles of incorporation and, if he finds that the recitals contained therein are correct, that the requirements of section 349.030 above have been complied with, and that the name is not identical with or so nearly similar to that of another corporation already in existence in this state as to lead to confusion and uncertainty, he shall approve the articles of incorporation, issue a certificate of incorporation and record the same in an appropriate book or record in his office. When such articles have been so approved, the certificate of incorporation issued and the same filed, the applicants shall constitute a public corporation under the name set out in the articles of incorporation.
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(L. 1977 S.B. 267 § 6)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.040 - Articles, how amended.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.040. Articles, how amended. —
The articles of incorporation may at any time and from time to time be amended so as to make any changes therein and add any provisions thereto which might have been included in the articles of incorporation in the first instance. Any such amendment shall be effected in the following manner: The members of the board of directors of the corporation shall file with the governing body of the county or municipality an application in writing seeking permission to amend the articles of incorporation, specifying in such application the amendment proposed to be made. Such governing body shall consider such application and, if they find it is wise, expedient, necessary or advisable that the proposed amendment be made and shall authorize the same to be made and shall approve the form of the proposed amendment, then the persons making such application shall execute an instrument embodying the amendment specified in such application, and shall file the same with the secretary of state. The proposed amendment shall be subscribed and acknowledged by each member of the board of directors before an officer authorized by the laws of Missouri to take acknowledgments to deeds. Such secretary of state shall thereupon examine the proposed amendment and, if he finds that the requirements of this section have been complied with and the proposed amendment is within the scope of what might be included in the original articles of incorporation, he shall approve the amendment and record it in an appropriate book in his office. When such amendment has been so made, filed and approved, it shall thereupon become effective and the articles of incorporation shall thereupon be amended to the extent provided in the amendment. The articles of incorporation shall not be amended except in the manner provided in this section.
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(L. 1977 S.B. 267 § 7)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.052 - General and business corporation law applicable — exceptions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1978
349.052. General and business corporation law applicable — exceptions. —
The general and business corporation law of Missouri, chapter 351, shall be applicable to industrial development corporations organized pursuant to this chapter except that any provision of this chapter shall take precedence over any provision of chapter 351 which conflicts with it.
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(L. 1978 S.B. 761 § 349.025)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.055 - Revenue bonds, issuance, provisions, sale.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1980
349.055. Revenue bonds, issuance, provisions, sale. —
The corporation may at any time issue revenue bonds for the purpose of paying any part of the cost of any project or part thereof. Every issue of its bonds shall be payable out of the property and revenues of the corporation which may be pledged, assigned, mortgaged, or in which a security interest is granted for such payment, without preference or priority of the first bonds issued, subject to any agreement with the holders of any other bonds pledging any specified property or revenues. Such bonds shall be authorized by resolution of the corporation, shall bear such date or dates, and shall mature at such time or times, but not in excess of forty years, as the resolution shall specify. Such bonds shall be in such denomination, bear interest at such rate, be in such form, either coupon or registered, be issued in such manner, be payable in such place or places and be subject to redemption as such resolution may provide. The bonds of the corporation may be sold at either public or private sale, at such price or prices as the corporation shall determine, but at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations.
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(L. 1977 S.B. 267 § 10, A.L. 1980 H.B. 1582 & 1277)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.060 - Notes, issuance, provisions, sale.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1980
349.060. Notes, issuance, provisions, sale. —
Pending the issuance of bonds, the corporation may issue notes payable from the proceeds of such bonds or from such other sources as the corporation may specify as in the case of bonds. Such notes shall mature in not more than five years and shall be sold at public or private sale as the corporation may specify at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations. The other details with respect to such notes shall be determined by the corporation as in the case of bonds.
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(L. 1977 S.B. 267 § 11, A.L. 1980 H.B. 1582 & 1277)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.065 - Renewal notes, issued when, how.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.065. Renewal notes, issued when, how. —
The corporation may from time to time issue renewal notes or refund any bonds by the issuance of refunding bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partially to refund bonds then outstanding and partially for any other purpose. Renewal notes or refunding bonds may be sold at public or private sale and the proceeds applied to the purchase, redemption, or payment of the notes or bonds to be refunded.
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(L. 1977 S.B. 267 § 12)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.070 - Resolutions authorizing issuance of bonds or notes, provisions authorized in.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1980
349.070. Resolutions authorizing issuance of bonds or notes, provisions authorized in. —
Any resolution authorizing any notes or bonds may contain such provisions, covenants and agreements subject to any provisions, covenants and agreements with the holders of bonds or notes then outstanding as the corporation determines necessary, such provisions, covenants and agreements may include but shall not be limited to:
(1) Pledging, assigning, mortgaging, or granting a security interest in all or any part of the property and revenues of the corporation or any part thereof, to secure the payment of the notes or bonds or of any issue thereof;
(2) The use and disposition of the property or revenues of the corporation or any part thereof;
(3) The fixing of rents, fees and other charges and the pledging of the same and of the revenues of the corporation so that the same will be sufficient to pay the cost of operation, maintenance and repair of any project and the principal of and interest on notes or bonds secured by the pledge of such revenues;
(4) Establishing reasonable reserves to secure the payment of such notes and bonds;
(5) Limitations on the issuance of additional notes or bonds and the terms upon which the same may be issued and secured.
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(L. 1977 S.B. 267 § 13, A.L. 1980 H.B. 1582 & 1277)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.075 - Trust agreements authorized.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1980
349.075. Trust agreements authorized. —
A resolution of the corporation authorizing the issuance of any notes or bonds or any issue thereof may provide that such notes or bonds shall be secured by a trust agreement between the corporation and a corporate trustee, vesting in such trustee such property, rights, powers and duties in trust as the corporation may determine. Any such trust agreement may pledge, assign, mortgage, or grant a security interest in the property in revenues of the corporation, or any part thereof, to secure payment of any notes or bonds. Any such trust agreement may contain such provisions for protecting and enforcing the rights and remedies of the noteholders or bondholders as may be reasonable and proper, including covenants relating to the acquisition and construction of projects and the maintenance, repair and operation thereof, the rentals and other charges to be imposed for the use of any project, the custody and application of all moneys relating thereto. Such trust agreement may contain such other provisions as the corporation determines reasonable and necessary for the security of the noteholders and bondholders. All expenses incurred in carrying out the provisions of any such trust agreement may be considered as a part of the cost of the operation of the project.
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(L. 1977 S.B. 267 § 14, A.L. 1980 H.B. 1582 & 1277)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.080 - Individuals not liable on notes or bonds.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.080. Individuals not liable on notes or bonds. —
Neither the directors of any corporation nor any person executing the bonds or notes shall be liable personally on the bonds or notes by reason of the issuance thereof. Bonds and notes issued under this section by a corporation created by or pursuant to sections 349.010 to 349.100 shall not be a debt of the county, the municipality or the state and neither the county, the municipality or the state shall be liable thereon nor in any event shall such notes or bonds be payable out of any funds or properties other than those acquired for the purposes of this law, and such bonds and notes shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.
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(L. 1977 S.B. 267 § 15)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.085 - Notes and bonds declared to be approved investments for fiduciaries.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.085. Notes and bonds declared to be approved investments for fiduciaries. —
The notes and bonds of the corporation are securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, trust companies, savings associations, savings and loan associations, investment companies, all administrators, guardians, executors, trustees, and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them.
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(L. 1977 S.B. 267 § 16)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.090 - Projects not tax exempt, exceptions — bond and note interest is exempt, exception.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1985
349.090. Projects not tax exempt, exceptions — bond and note interest is exempt, exception. —
Projects acquired, constructed, reconstructed, enlarged, improved, furnished, equipped, maintained, repaired, operated, leased, financed or sold by the corporation pursuant to sections 349.010 to 349.100 shall be subject to all real and tangible personal property taxes and assessments of the state of Missouri, and any county, municipality or any governmental subdivision thereof except hospitals which are exempt from taxation under Article X, Section 6 (1) of the Constitution of the State of Missouri, or other projects which are exempted or relieved from such real property taxes and assessments pursuant to any constitutional or statutory provision. Bonds and notes of the corporation are declared to be issued for an essential public and governmental purpose and to be public instrumentalities, and interest thereon and income therefrom shall be exempt from taxation except for death and gift taxes on transfers.
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(L. 1977 S.B. 267 § 17, A.L. 1984 S.B. 434, A.L. 1985 S.B. 282)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.095 - Dissolution of corporation, effect of.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.095. Dissolution of corporation, effect of. —
Upon termination or dissolution, all rights and properties of the corporation shall pass to and be vested in the county or municipality of incorporation, subject to the rights of bondholders, noteholders, and other creditors. Except that no county or municipality nor the citizens thereof shall be subject to any tax assessment or financial liability to any bondholder, noteholder and any other creditor nor shall any county or municipality be permitted to expend any public moneys for the payment of any indebtedness of bonds, notes, or any other claims by creditors of any nature. Any and all indebtedness, whether by bond, note or any creditor claim, shall be paid exclusively from the revenues, if any, from such terminated or dissolved corporation.
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(L. 1977 S.B. 267 § 18)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.100 - Disclaimer as to impairment of other powers of political subdivisions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 28 Aug 1977
349.100. Disclaimer as to impairment of other powers of political subdivisions. —
Nothing herein contained shall impair or affect the power or jurisdiction of the municipality, county, township, or school districts in which the corporations organized hereunder are located, and such corporations shall conform to applicable regulations of any governmental authority having jurisdiction therein.
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(L. 1977 S.B. 267 § 19)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 349 - Industrial Development Corporations › Section 349.105 - Annual report, contents.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 349
• Effective - 22 Jun 1983, see footnote
349.105. Annual report, contents. —
No later than January thirty-first of each year, the issuing authority shall file a report with the department of economic development on the previous year's issuances, which report shall contain only the following information:
(1) The name and address of the issuing entity;
(2) The name, address, age, and type of business of the beneficiary firm;
(3) The amount, term, interest rate, and date of issuance of the bonds issued;
(4) The name and address of the underwriter, if any, of such bonds;
(5) A copy of the guaranty instrument, if any;
(6) The size, by assets and previous year's sales, and the current number of employees, of the beneficiary firm;
(7) A copy of the preliminary official statement used when offering the bonds for sale;
(8) The estimated number of new jobs to be generated by the proposed project;
(9) A list of the use of bond proceeds, including whether the purpose of the project and the funds generated by the issuance of such bonds is to open a new business, build a branch plant, expand an existing facility or acquire an existing business;
(10) The estimated total cost of the project.
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(L. 1982 H.B. 1411 & 1587, A.L. 1983 S.B. 316)
Effective 6-22-83
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 350 - Farming Corporations › Section 350.010 - Definitions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 350
• Effective - 28 Aug 1975
350.010. Definitions. —
For the purposes of this section, the terms defined in this section have the meanings here given them:
(1)
"Agricultural land"
means land used for farming.
(2)
"Authorized farm corporation"
means a corporation meeting the following standards:
(a) All of its shareholders, other than any estate, or revocable and irrevocable trusts, are natural persons;
(b) It must receive two-thirds or more of its total net income from farming as defined in this section;
(3)
"Corporation"
means a corporation or a cooperative.
(4)
"Family farm"
means an unincorporated farming unit owned or leased by one or more persons residing on the farm or actively engaging in farming.
(5)
"Family farm corporation"
means a corporation incorporated for the purpose of farming and the ownership of agricultural land in which at least one-half of the voting stock is held by and at least one-half of the stockholders are members of a family related to each other within the third degree of consanguinity or affinity including the spouses, sons-in-law and daughters-in-law of any such family member according to the rules of the common law, and at least one of whose stockholders is a person residing on or actively operating the farm, and none of whose stockholders are a corporation prohibited by section 350.015 from entering into farming, or any corporation which is subject to the controlled expansion provisions of section 350.015; provided that a family farm corporation shall not cease to qualify as such hereunder by reason of any gift, devise or bequest of shares of voting stock. A person actively operating a farm shall include, but not be limited to, a person who has an ownership interest in the family farm corporation and exercises some management control or direction.
(6)
"Farming"
means using or cultivating land for the production of (a) agricultural crops; (b) livestock or livestock products; (c) poultry or poultry products; (d) milk or dairy products; or (e) fruit or other horticultural products, provided; however, "farming" shall not include a processor of farm products or a distributor of farming supplies contracting to provide spraying, harvesting or other farming services.
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(L. 1975 H.B. 655 § 1)
(1988) Chapter 350, RSMo, is rationally related to a legitimate state interest and does not violate the equal protection clauses of federal and state constitutions. State ex rel. Webster v. Lehndorff Geneva, 744 S.W.2d 801 (En Banc).
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 350 - Farming Corporations › Section 350.016 - Restriction on corporate farming, exceptions, certain counties engaging in production of swine.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 350
• Effective - 28 Aug 1993
350.016. Restriction on corporate farming, exceptions, certain counties engaging in production of swine. —
The restrictions set forth in section 350.015 shall not apply to agricultural land which is used by a corporation or limited partnership for the production of swine or swine products located in any county of the third classification with a township form of government which has at least three thousand but no more than four thousand inhabitants, or any county which adjoins such county which has a population of at least four thousand five hundred but no more than six thousand five hundred inhabitants.
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(L. 1993 H.B. 566 and S.B. 84, A.L. 2014 H.B. 1245)
(2003) Term "production of swine or swine products" includes cattle grazing for the purpose of nitrogen removal from the land application of effluent. State ex rel. Nixon v. Premium Standard Farms, 100 S.W.3d 157 (Mo.App.W.D.).
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 350 - Farming Corporations › Section 350.017 - Agricultural land in use as of September 28, 2007, exempt from certain restrictions for production of swine in certain counties — no expansion permitted.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 350
• Effective - 28 Aug 2012
350.017. Agricultural land in use as of September 28, 2007, exempt from certain restrictions for production of swine in certain counties — no expansion permitted. —
1. The restrictions under section 350.015 shall not apply to agricultural land in use as of September 28, 2007, by a corporation, limited liability company, or limited liability partnership for the production of swine or swine products located in:
(1) Any county of the third classification without a township form of government and with fewer than two thousand five hundred inhabitants;
(2) Any county of the third classification with a township form of government and with more than six thousand but fewer than seven thousand inhabitants and with a city of the fourth classification with more than one thousand seven hundred but fewer than one thousand nine hundred inhabitants as the county seat; or
(3) Any county of the third classification with a township form of government and with more than eight thousand but fewer than nine thousand inhabitants and with a city of the fourth classification with more than one thousand seven hundred but fewer than one thousand nine hundred inhabitants as the county seat.
2. No corporation, limited liability company, or limited liability partnership under subsection 1 of this section shall expand its operations on such agricultural land, including but not limited to the purchase of contiguous land or the construction of new buildings that house animals or expansion of existing buildings that house animals; however, nothing in this subsection shall prevent any such corporation, limited liability company, or limited liability partnership from repairing, maintaining or rebuilding any of its buildings or conducting activities required in order to meet state or federal laws.
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(L. 2012 S.B. 631)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 350 - Farming Corporations › Section 350.020 - Reports required, when — penalty for failure to file or false report.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 350
• Effective - 28 Aug 1979
350.020. Reports required, when — penalty for failure to file or false report. —
1. Every corporation engaged in farming, or proposing to commence farming, in this state after September 28, 1975, shall file with the director of the state department of agriculture a report containing the following information:
(1) The name of the corporation and its place of incorporation;
(2) The address of the registered office of the corporation in this state, the name and address of its registered agent in this state and, in the case of a foreign corporation, the address of its principal office in its place of incorporation;
(3) The acreage and location listed by section, township, and county of each lot or parcel of land in this state owned or leased by the corporation and used for farming; and
(4) The names and addresses of the officers and the members of the board of directors of the corporation.
2. The report of a corporation seeking to qualify hereunder as a family farm corporation or an authorized farm corporation shall contain the following additional information:
(1) The number of shares owned by persons residing on the farm or actively engaged in farming, or their relatives within the third degree of consanguinity or affinity including their spouses, sons-in-law and daughters-in-law according to the rules of the common law;
(2) The name, address and number of shares owned by each shareholder; and
(3) A statement as to percentage of net receipts of the corporation derived from any sources other than farming.
3. No corporation shall commence farming in this state until it has filed the report required by this section.
4. Every corporation, except a family farm corporation, engaged in farming in this state shall file with the director of the state department of agriculture a report containing the information required in subsection 1 of this section. Said reports shall be filed:
(1) Whenever any of the information required in subsection 1 changes;
(2) Whenever ownership of the controlling interest in the corporation changes; and
(3) Whenever the land owned or leased by the corporation ceases to be used for farming or is sold by the corporation.
5. The failure of a corporation to file a required report, or the use of false information in the report, shall be a misdemeanor for which the corporation shall be punished by a fine of not less than five hundred dollars or more than one thousand dollars.
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(L. 1975 H.B. 655 § 3, A.L. 1979 S.B. 41)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 350 - Farming Corporations › Section 350.025 - Farm cooperatives to file reports.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 350
• Effective - 28 Aug 1975
350.025. Farm cooperatives to file reports. —
All farm cooperatives who own farm land shall report under section 350.020 hereof.
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(L. 1975 H.B. 655 § 5)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 350 - Farming Corporations › Section 350.030 - Attorney general to enforce — venue — divestment of lands, failure, effect of.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 350
• Effective - 28 Aug 1975
350.030. Attorney general to enforce — venue — divestment of lands, failure, effect of. —
If the attorney general finds a corporation is violating sections 350.010 to 350.030, he shall institute an action in the circuit court of Cole County, Missouri, if a foreign corporation, and if a Missouri corporation in the circuit court of any county in which the corporation owns any agricultural lands or if the land is located in two or more counties, then in the circuit court of a county in which a part of the land is located. The attorney general shall file a notice of the pendency of the action with the recorder of deeds of each county in which any portion of said lands are located. If the court finds that the lands in question are being held or used in violation of sections 350.010 to 350.030, it shall enter an order so declaring. The court shall file for record its order with the recorder of deeds of each county in which any portion of said lands are located. Thereafter, the corporation owning the land shall comply with the orders of the court, or if so ordered shall have a period of two years from the date of such order to divest itself of such land. The two-year limitation period shall be a covenant running with the title to the land against any corporate grantee or corporate assignee or the successor corporation of such corporation, except those corporations excluded by section 350.015. Any lands not divested within the time prescribed shall be ordered sold by the court at public sale in the manner prescribed by law for the foreclosure of a mortgage on real estate for default in payment.
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(L. 1975 H.B. 655 § 4)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 350 - Farming Corporations › Section 350.040 - Farming corporations or cooperatives not to receive economic assistance, exceptions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 350
Effective - 25 Jun 1996, see footnote
350.040. Farming corporations or cooperatives not to receive economic assistance, exceptions. —
Notwithstanding any other provision of law to the contrary, any corporation or cooperative engaged in farming as defined in subdivision (6) of section 350.010 shall not be eligible for any state tax credits, deductions, state grants, loans or other financial or economic assistance, unless a family farm or a family farm corporation as defined in subdivisions (4) and (5) of section 350.010 receives such credits, deductions, grants, loans, or other assistance. This section does not apply to agricultural processing or food processing facilities.
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(L. 1996 H.B. 1207 § 640.717)
Effective 6-25-96
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 351 - General and Business Corporations › Section 351.010 - Title of Law.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 351
Effective - 28 Aug 1943
351.010. Title of Law. —
This chapter shall be known and may be cited as "The General and Business Corporation Law of Missouri".
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(L. 1943 p. 410 § 1)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 351 - General and Business Corporations › Section 351.017 - Independent legal significance doctrine applicable to sections in this chapter.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 351
• Effective - 28 Aug 1998
351.017. Independent legal significance doctrine applicable to sections in this chapter. —
Action taken in accordance with the different sections of this chapter are acts of independent legal significance even though the end result may be the same under different sections. The mere fact that the result of actions taken under one section may be the same as actions which could have been taken under another section does not require that the legality of the result must be tested by the requirements of the second section.
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(L. 1997 S.B. 197, A.L. 1998 S.B. 680)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 351 - General and Business Corporations › Section 351.020 - What corporations may organize under this law.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 351
Effective - 28 Aug 1975
351.020. What corporations may organize under this law. —
Corporations for profit, except those which are required to be organized exclusively under other provisions of law, may be organized under this chapter for any lawful purposes.
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(L. 1943 p. 410 § 3, A.L. 1975 S.B. 14)
CROSS REFERENCES:
Incorporation of assessment plan life insurance company, Chap. 377
Incorporation of banks, Chap. 362
Incorporation of commodity associations, Chap. 275
Incorporation of cooperative companies, Chap. 357
Incorporation of county agricultural and mechanical societies, Chap. 262
Incorporation of county town and farmers' mutual property insurance companies, Chap. 380
Incorporation of credit unions, Chap. 370
Incorporation of fraternal benefit societies, Chap. 378
Incorporation of insurance companies other than life, Chap. 379
Incorporation of life and accident insurance companies, Chap. 376
Incorporation of nonprofit cooperative associations, Chap. 274
Incorporation of railroad companies, Chap. 388
Incorporation of religious and charitable associations, Chap. 352
Incorporation of rural electric cooperatives, Chap. 394
Incorporation of savings and loan associations, Chap. 369
Incorporation of stipulated premium plan life insurance companies, Chap. 377
Incorporation of street railway companies, Chap. 391
Incorporation of telegraph and telephone companies, Chap. 392
Incorporation of union station companies, Chap. 388
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 351 - General and Business Corporations › Section 351.025 - Corporation organized under special law may file certification of acceptance of this law.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 351
Effective - 28 Aug 2007
351.025. Corporation organized under special law may file certification of acceptance of this law. —
Any existing corporation heretofore organized for profit under any special law of this state may accept the provisions of this chapter and be entitled to all of the rights, privileges and benefits provided by this chapter, as well as accepting the obligations and duties imposed by this chapter, by filing with the secretary of state a certificate of acceptance of this chapter, signed by its president and secretary, duly authorized by its board of directors, and approved by the affirmative vote of a majority of its outstanding shares.
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(L. 1943 p. 410 § 173, A.L. 1998 S.B. 680, A.L. 1999 S.B. 1, et al., A.L. 2000 S.B. 896, A.L. 2007 S.B. 613 Revision)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 351 - General and Business Corporations › Section 351.030 - Organization of street railroad, telegraph and telephone corporations, booming and rafting corporations.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 351
• Effective - 28 Aug 1943
351.030. Organization of street railroad, telegraph and telephone corporations, booming and rafting corporations. —
1. Any street railroad corporation, telegraph and telephone corporation, and booming and rafting corporation may be organized under the provisions of this chapter; provided, that any such corporation complies with all of the requirements of the applicable laws specially providing for the incorporation of street railroads, telegraph and telephone corporations, or booming and rafting corporations. Any railroad corporation or union station hereafter incorporated under the provisions of chapter 388 may add to its articles of association such statements as may be necessary to authorize any such corporation to issue shares without par value.
2. Any corporation here incorporated under the laws of this state, other than under the provisions of this chapter, will be subject to such of the provisions of this chapter as is provided in subdivisions (1) and (3) of section 351.690 with respect to existing corporations of the same type.
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(L. 1943 p. 410 § 172)
CROSS REFERENCE:
Railroad corporations, general provisions relative to organization of, Chaps. 388, 389