reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.169 - Affirmation, penalties of perjury.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 28 Aug 2004
347.169. Affirmation, penalties of perjury. —
Execution of an application or a certificate by a foreign limited liability company constitutes an affirmation by the person who signed it under the penalties set out in section 575.040 that the facts stated therein are true and that the person so signing has the authority to execute such application or certificate.
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(L. 1993 S.B. 66 & 20 § 359.815, A.L. 2004 H.B. 1664)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.171 - Action by member, conditions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.171. Action by member, conditions. —
A member may bring an action in the right of the limited liability company to recover a judgment in its favor if all of the following conditions are met:
(1) The plaintiff does not have the authority under the provisions of the operating agreement to cause the limited liability company to sue in its own right;
(2) The plaintiff has made demand on the authorized person or persons having the authority to cause the limited liability company to institute such action requesting that such persons cause the limited liability company to sue in its own right;
(3) The persons with such authority have refused to bring the action or, after adequate time to consider the demand, have failed to respond to such demand; and
(4) The plaintiff is a member of the limited liability company at the time of bringing the action, and was a member of the limited liability company at the time of the transaction of which he complains, or his status as a member of the limited liability company thereafter devolved upon him by operation of law or pursuant to the terms of the operating agreement from a person who was a member at such time.
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(L. 1993 S.B. 66 & 20 § 359.816)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.173 - Derivative action — complaint.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.173. Derivative action — complaint. —
In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by the persons who would otherwise have the authority to cause the limited liability company to sue in its own right.
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(L. 1993 S.B. 66 & 20 § 359.818)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.175 - Derivative action — attorney's fees.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.175. Derivative action — attorney's fees. —
If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise or settlement of an action or claim, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees, and shall direct him to remit to the limited liability company the remainder of those proceeds received by him.
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(L. 1993 S.B. 66 & 20 § 359.820)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.177 - Construction of law — estoppel — agency — equity — no impairment of obligation of contract.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.177. Construction of law — estoppel — agency — equity — no impairment of obligation of contract. —
1. Sections 347.010 to 347.187 shall be so applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of sections 347.010 to 347.187 among the states enacting it.
2. The rule that statutes in derogation of the common law are to be strictly construed shall have no application to sections 347.010 to 347.187.
3. The law of estoppel shall apply to sections 347.010 to 347.187.
4. The law of agency shall apply under sections 347.010 to 347.187.
5. In any case not provided for in sections 347.010 to 347.187, the rules of law and equity shall govern.
6. Sections 347.010 to 347.187 shall not be construed so as to impair the obligations of any contract existing on August 28, 1993, nor to affect any action or proceedings begun or right accrued prior to August 28, 1993.
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(L. 1993 S.B. 66 & 20 § 359.822)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.179 - Fees.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 28 Aug 2014, 3 histories
347.179. Fees. —
1. The secretary shall charge and collect:
(1) For filing the original articles of organization, a fee of one hundred dollars;
(2) For filing the original articles of organization online, in an electronic format prescribed by the secretary of state, a fee of forty-five dollars;
(3) Applications for registration of foreign limited liability companies and issuance of a certificate of registration to transact business in this state, a fee of one hundred dollars;
(4) Amendments to and restatements of articles of limited liability companies to application for registration of a foreign limited liability company or any other filing otherwise provided for, a fee of twenty dollars;
(5) Articles of termination of limited liability companies or cancellation of registration of foreign limited liability companies, a fee of twenty dollars;
(6) For filing notice of merger or consolidation, a fee of twenty dollars;
(7) For filing a notice of winding up, a fee of twenty dollars;
(8) For issuing a certificate of good standing, a fee of five dollars;
(9) For a notice of the abandonment of merger or consolidation, a fee of twenty dollars;
(10) For furnishing a copy of any document or instrument, a fee of fifty cents per page;
(11) For accepting an application for reservation of a name, or for filing a notice of the transfer or cancellation of any name reservation, a fee of twenty dollars;
(12) For filing a statement of change of address of registered office or registered agent, or both, a fee of five dollars;
(13) For any service of notice, demand, or process upon the secretary as resident agent of a limited liability company, a fee of twenty dollars, which amount may be recovered as taxable costs by the party instituting such suit, action, or proceeding causing such service to be made if such party prevails therein;
(14) For filing an amended certificate of registration a fee of twenty dollars; and
(15) For filing a statement of correction a fee of five dollars.
2. Fees mandated in subdivisions (1) and (2) of subsection 1 of this section and for application for reservation of a name in subdivision (11) of subsection 1 of this section shall be waived if an organizer who is listed as a member in the operating agreement of the limited liability company is a member of the Missouri National Guard or any other active duty military, resides in the state of Missouri, and provides proof of such service to the secretary of state.
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(L. 1993 S.B. 66 & 20 § 359.825, A.L. 2004 H.B. 1664, A.L. 2009 H.B. 481, A.L. 2014 S.B. 600)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.181 - Law to apply to interstate and international commerce.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.181. Law to apply to interstate and international commerce. —
To the fullest extent permitted by law, the provisions of sections 347.010 to 347.187 shall apply to commerce with foreign nations and among the several states for all purposes including the determination of the nature and extent of the rights and obligations of a limited liability company organized hereunder and the liability of its members and managers.
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(L. 1993 S.B. 66 & 20 § 359.826)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.185 - Member's interest not security.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.185. Member's interest not security. —
It shall be rebuttably presumed that a member's interest in a limited liability company in which management is not vested in one or more managers is not a security for purposes of any and all laws of this state regulating the sale or exchange of securities.
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(L. 1993 S.B. 66 & 20 § 359.830)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.187 - Classification for purposes of taxation — treatment.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 24 Jun 1997, see footnote
347.187. Classification for purposes of taxation — treatment. —
1. A limited liability company created pursuant to sections 347.010 to 347.187 or entering the state pursuant to sections 347.010 to 347.187 and its authorized persons, or their equivalent, shall have the duty to withhold and pay such taxes as are imposed by the laws of this state or any political subdivision thereof on a basis consistent with such limited liability company's classification pursuant to Section 7701 of the Internal Revenue Code of 1986, as amended.
2. Solely for the purposes of chapter 143, chapter 144, and chapter 288, a limited liability company and its members shall be classified and treated on a basis consistent with the limited liability company's classification for federal income tax purposes.
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(L. 1993 S.B. 66 & 20 § 359.832, A.L. 1996 H.B. 1368, A.L. 1997 H.B. 655 merged with S.B. 170)
Effective 6-24-97 (H.B. 655); 5-20-97 (S.B. 170)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.189 - Requires filing property control affidavit in certain cities, including Kansas City.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
Effective - 28 Aug 2001
347.189. Requires filing property control affidavit in certain cities, including Kansas City. —
Any limited liability company that owns and rents or leases real property, or owns unoccupied real property, located within any home rule city with a population of more than four hundred thousand inhabitants which is located in more than one county, shall file with that city's clerk an affidavit listing the name and address of at least one person, who has management control and responsibility for the real property owned and leased or rented by the limited liability company, or owned by the limited liability company and unoccupied.
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(L. 2000 S.B. 896 § 1, Repealed L. 2001 S.B. 288, A.L. 2001 S.B. 178 merged with S.B. 345)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.700 - Law to apply, merger or consolidation.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 28 Aug 2003
347.700. Law to apply, merger or consolidation. —
1. A merger or consolidation solely between any two or more domestic corporations or one or more domestic corporations and one or more foreign corporations shall be governed by and subject to chapter 351 or 355, as is applicable.
2. A merger or consolidation solely between any two or more domestic general partnerships or one or more domestic general partnerships and one or more foreign general partnerships shall be governed by and subject to section 358.520.
3. A merger or consolidation solely between any two or more domestic limited partnerships or one or more domestic limited partnerships and one or more foreign limited partnerships shall be governed by and subject to section 359.165.
4. A merger or consolidation solely between any two or more domestic limited liability companies or one or more domestic limited liability companies and one or more foreign limited liability companies shall be governed by sections 347.127 to 347.133.
5. A business combination involving any resident domestic corporation and any interested shareholder of such resident domestic corporation shall be governed by and subject to section 351.459.
6. Subject to the provisions of this section, any merger or consolidation between one or more domestic corporations and any one or more constituent entities at least one of which is not a corporation, one or more domestic general partnerships and any one or more constituent entities at least one of which is not a general partnership, one or more domestic limited partnerships and any one or more constituent entities at least one of which is not a limited partnership, one or more domestic limited liability partnerships and any one or more constituent entities at least one of which is not a limited liability partnership, one or more domestic limited liability limited partnerships and any one or more constituent entities at least one of which is not a limited liability limited partnership, or one or more domestic limited liability companies and any one or more constituent entities at least one of which is not a limited liability company shall be governed by and subject to the provisions of sections 347.700 to 347.735.
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(L. 1993 S.B. 66 & 20 § 359.900, A.L. 1997 H.B. 655 merged with S.B. 170, A.L. 2003 S.B. 394)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.705 - Definitions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 24 Jun 1997, see footnote
347.705. Definitions. —
As used in sections 347.700 to 347.735, the following terms mean:
(1)
"Constituent entity"
, each person that is a party to a merger or consolidation subject to sections 347.700 to 347.735;
(2)
"New entity"
, the person into which constituent entities consolidate, as identified in the agreement of consolidation or articles of consolidation provided for in sections 347.700 to 347.735;
(3)
"Organizational document"
, with respect to a corporation, its articles of corporation or their equivalent, with respect to a general partnership, its fictitious name registration or its equivalent, with respect to a limited partnership, its certificate of limited partnership or its equivalent, with respect to a limited liability company, its articles of organization or their equivalent, with respect to a limited liability partnership, its registration as a limited liability partnership or its equivalent, with respect to a limited liability limited partnership, its certificate of limited partnership and its registration as a limited liability partnership or their equivalent, and with respect to any other type of person, the documents, if any, necessary to form and organize such person under the laws of the jurisdiction under which such person was or is formed and organized;
(4)
"Person"
, a domestic or foreign general partnership, limited partnership, limited liability partnership, limited liability limited partnership, limited liability company, corporation, trust, business trust, real estate investment trust and other association or business entity;
(5)
"Surviving entity"
, the constituent entity surviving a merger, as identified in the agreement of merger or articles of merger provided for in sections 347.700 to 347.735.
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(L. 1993 S.B. 66 & 20 § 359.902, A.L. 1997 H.B. 655 merged with S.B. 170)
Effective 6-24-97 (H.B. 655); 5-20-97 (S.B. 170)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.710 - Merger or consolidation authorized — corporations, partnerships, limited liability company.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 24 Jun 1997, see footnote
347.710. Merger or consolidation authorized — corporations, partnerships, limited liability company. —
Subject to the provisions of sections 347.700 to 347.735, any one or more domestic corporations may merge or consolidate into or with any one or more persons at least one of which is not a corporation, any one or more domestic general partnerships may merge or consolidate into or with any one or more persons at least one of which is not a general partnership, any one or more domestic limited partnerships may merge or consolidate into or with any one or more persons at least one of which is not a limited partnership, any one or more domestic limited liability limited partnerships may merge or consolidate into or with any one or more persons at least one of which is not a limited liability limited partnership, and any one or more domestic limited liability companies may merge or consolidate into or with any one or more persons at least one of which is not a limited liability company.
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(L. 1993 S.B. 66 & 20 § 359.903, A.L. 1997 H.B. 655 merged with S.B. 170)
Effective 6-24-97 (H.B. 655); 5-20-97 (S.B. 170)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.715 - Agreement of merger or consolidation — contents.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.715. Agreement of merger or consolidation — contents. —
Each constituent entity shall enter into a written agreement of merger or consolidation. The agreement of merger or consolidation shall set forth:
(1) The name and state or country of organization of each constituent entity and the name of the surviving entity into which each other constituent entity proposes to merge or the new entity into which each constituent entity proposes to consolidate;
(2) The terms and conditions of the merger or consolidation;
(3) The manner and basis of converting the interests or shares of stock in each constituent entity in the merger or consolidation into interests, shares, or other securities or obligations, as the case may be, of the surviving entity, of the new entity or of any other person, or, in whole or in part, into cash or other property;
(4) In the case of a merger, such amendments to the organizational documents of the surviving entity, as are desired to be effected by the merger, or that no such changes are desired;
(5) In the case of a consolidation, all statements required to be set forth in the organizational documents of the new entity; and
(6) Such other provisions relating to the proposed merger or consolidation as are deemed necessary or desirable by the constituent entities.
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(L. 1993 S.B. 66 & 20 § 359.904)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.735 - Merger or consolidation, requirements and limitations — what law to govern.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 01 Dec 1993, see footnote
347.735. Merger or consolidation, requirements and limitations — what law to govern. —
1. Notwithstanding any provisions in sections 347.700 to 347.730 to the contrary, any proposed merger or consolidation otherwise permitted pursuant to section 347.710 in which any constituent entity is organized or formed under the law of any jurisdiction other than this state shall be permitted only if:
(1) The merger or consolidation is permitted by the law of the state or country under whose laws each foreign constituent entity is organized or formed, and each foreign constituent entity complies with that law in effecting the merger or consolidation;
(2) Each foreign constituent entity complies with section 347.725 if it is the surviving entity or the new entity;
(3) Each domestic constituent entity complies with the applicable provisions of sections 347.715 and 347.720, and, if it is the surviving entity or the new entity, complies with section 347.725.
2. If the surviving entity or new entity is to be governed by the laws of any jurisdiction other than this state, then, upon the effectiveness of a merger or consolidation, the surviving entity or new entity shall file a statement with the secretary of state that the surviving entity or the new entity, as the case may be, agrees that it is subject to service of process in this state in any proceeding for enforcement of any obligation of any constituent entity party to the merger or consolidation that was organized under the laws of this state and for enforcement of any obligation of the surviving entity or new entity arising from the merger or consolidation.
3. The effect of such merger or consolidation shall be as provided in section 347.730, if the surviving entity or new entity is to be governed by the laws of this state. If the surviving entity or new entity is to be governed by the laws of any jurisdiction other than this state, the effect of such merger or consolidation shall be the same as provided in section 347.730 except insofar as the laws of such other jurisdiction provide otherwise.
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(L. 1993 S.B. 66 & 20 § 359.908)
Effective 12-01-93
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations › Section 347.740 - Additional fee — expiration date.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347
• Effective - 28 Aug 2020, 4 histories
347.740. Additional fee — expiration date. —
The secretary of state may collect an additional fee of five dollars on each and every fee required in this chapter. All fees collected as provided in this section shall be deposited in the state treasury and credited to the secretary of state's technology trust fund account. The provisions of this section shall expire on December 31, 2026.
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(L. 1994 S.B. 635, A.L. 2001 H.B. 453 merged with S.B. 288, A.L. 2008 S.B. 1150, A.L. 2017 S.B. 95, A.L. 2020 S.B. 631)
Expires 12-31-26
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.005 - Law, how cited.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.005. Law, how cited. —
Sections 348.005 to 348.180 shall be known and may be cited as the "Missouri Agricultural and Small Business Development Loan Act".
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(L. 1981 H.B. 681 § 1)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.020 - Authority created — powers to vest in commission — commissioners, number, appointment, qualifications.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 02 Jul 1999, see footnote
*348.020. Authority created — powers to vest in commission — commissioners, number, appointment, qualifications. —
There is hereby created, with such duties and powers as are set forth in sections 348.005 to 348.415 to carry out the provisions hereof, a body politic and corporate, an independent instrumentality exercising essential public functions, to be known as the "Missouri Agricultural and Small Business Development Authority". The powers of the authority shall be vested in seven commissioners, who shall be residents of this state, to be appointed by the governor, by and with the advice and consent of the senate, except that the director of the department of agriculture shall serve as a member of the authority as an ex officio member. Not more than four of the commissioners shall be of the same political party.
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(L. 1981 H.B. 681 § 4, A.L. 1994 H.B. 1248 & 1048, A.L. 1999 H.B. 888)
Effective 7-02-99
*Authority assigned to department of agriculture. See Appendix A Reorganization Plan No. 4, 1982, on file with the Secretary of State.
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.025 - Commission members, who may serve.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.025. Commission members, who may serve. —
Notwithstanding the provisions of any other law to the contrary:
(1) No officer or employee of this state shall be deemed to have forfeited or shall forfeit his office or employment by reason of his acceptance of membership on the authority or his service thereto;
(2) It shall not constitute a conflict of interest for a director, officer, or employee of any financial institution, investment banking firm, brokerage firm, commercial bank or trust company, architectural firm, insurance company, or any other firm, person, or corporation, to serve as a member of the authority, provided such trustee, director, officer, or employee shall abstain from deliberation, action, and vote by the authority in each instance where the business affiliation or public office association of any such trustee, director, officer, or employee is involved.
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(L. 1981 H.B. 681 § 5)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.030 - Commissioners' terms.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.030. Commissioners' terms. —
The commissioners shall serve five-year terms, with each term beginning July first and ending on June thirtieth; except, that of the commissioners first appointed, one shall be appointed for a term of two years, two shall be appointed for a term of three years, two shall be appointed for a term of four years, and two shall be appointed for a term of five years. Each commissioner appointed thereafter shall be appointed for a term ending five years from the date of expiration of the term for which his predecessor was appointed; except, that a person appointed to fill a vacancy prior to the expiration of such a term shall be appointed for the remainder of the term. No commissioner appointed pursuant to sections 348.005 to 348.180 by the governor shall serve more than two consecutive full terms. Each commissioner shall hold office for the term of his appointment and until his successor shall have been appointed and qualified.
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(L. 1981 H.B. 681 § 6)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.035 - Bond required for commissioners, executive director and employees, cost.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.035. Bond required for commissioners, executive director and employees, cost. —
Before entering into his duties, each commissioner of the authority shall execute a surety bond in the penal sum of fifty thousand dollars, and the executive director shall execute a surety bond in the penal sum of one hundred thousand dollars or, in lieu thereof, the chairman of the authority shall execute a blanket bond covering all members, the executive director, and the employees or other officers of the authority, each surety bond to be conditioned upon the faithful performance of the duties of the office or offices covered, to be executed by a surety company authorized to transact business in this state as surety and to be approved by the attorney general and filed in the office of the secretary of state. The cost of each such bond shall be paid by the authority.
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(L. 1981 H.B. 681 § 7)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.040 - Removal of commissioners from office, procedure.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.040. Removal of commissioners from office, procedure. —
A commissioner shall be removed from office by the governor for misfeasance, malfeasance, or willful neglect of duty or other cause after notice and public hearing, unless such notice or hearing shall be expressly waived in writing.
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(L. 1981 H.B. 681 § 8)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.045 - Officers, terms.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.045. Officers, terms. —
The commissioners shall annually elect from among their number a chairman and a vice chairman, and such other officers as they may deem necessary.
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(L. 1981 H.B. 681 § 9)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.050 - Meetings, quorum — actions by resolution, requirements.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.050. Meetings, quorum — actions by resolution, requirements. —
Meetings shall be held at the call of the chairman or whenever two commissioners so request. Four commissioners of the authority shall constitute a quorum, and any action taken by the authority under the provisions of sections 348.005 to 348.180 may be authorized by resolution approved by a majority, but not less than four, of the commissioners present at any regular or special meeting. No vacancy in the membership of the authority shall impair the right of a quorum to exercise all the rights and perform all the duties of the authority.
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(L. 1981 H.B. 681 § 10)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.055 - Expenses of commission, no compensation to be paid.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.055. Expenses of commission, no compensation to be paid. —
Commissioners shall receive no compensation for the performance of their duties under sections 348.005 to 348.180, but each commissioner shall be reimbursed from the funds of the authority for his actual and necessary expenses incurred in carrying out his official duties under sections 348.005 to 348.180.
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(L. 1981 H.B. 681 § 11)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.060 - Employees, appointment, qualifications, compensation — executive director to be secretary.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 02 Jul 1999, see footnote
348.060. Employees, appointment, qualifications, compensation — executive director to be secretary. —
The commissioners shall employ an executive director. The executive director shall be the secretary of the authority and shall administer, manage, and direct the affairs and business of the authority, subject to the policies, control, and direction of the commissioners. The commissioners may employ technical experts and such other officers, agents, and employees as they deem necessary, and may fix their qualifications, duties, and compensation. The executive director and all other employees of the authority shall be state employees and eligible for all corresponding benefits. The commissioners may delegate to the executive director, or to one or more of its agents or employees, such powers and duties as it may deem proper.
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(L. 1981 H.B. 681 § 12, A.L. 1999 H.B. 888)
Effective 7-02-99
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.065 - Secretary's duties

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.065. Secretary's duties —
The secretary shall keep a record of the proceedings of the authority and shall be custodian of all books, documents, and papers filed with the authority and of its minute book and seal. He shall have the authority to cause to be made copies of all minutes and other records and documents of the authority and to give certificates, under the seal of the authority, to the effect that such copies are true copies, and all persons dealing with the authority may rely upon such certificates. Resolutions of the authority need not be published or posted unless the authority shall so direct.
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(L. 1981 H.B. 681 § 13)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.075 - Rules and regulations, promulgation, procedure.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1997
348.075. Rules and regulations, promulgation, procedure. —
The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of sections 348.005 to 348.180. Any rule or portion of a rule promulgated under the authority of sections 348.005 to 348.180 shall become effective only if it has been promulgated in compliance with the provisions of chapter 536 as it may be amended from time to time.
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(L. 1981 H.B. 681 § 15, A.L. 1995 S.B. 3, A.L. 1997 H.B. 557)
CROSS REFERENCE:
Rulemaking authority, effective when, null and void, when, 348.426
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.080 - Duties of authority.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.080. Duties of authority. —
The authority shall have the following duties:
(1) To invest any funds not needed for immediate disbursement, including any funds held in reserve, in direct and general obligations of or obligations fully and unconditionally guaranteed by the United States or any agency of the United States, obligations issued by agencies of the United States, obligations of this state, or any obligations or securities which may from time to time be legally purchased by political subdivisions of this state, or unsecured promissory notes of national banking associations having the highest investment rating;
(2) To collect fees and charges, as the authority determines to be reasonable, in connection with its loans, advances, insurance, commitments, and servicing;
(3) To cooperate with and exchange services, personnel, and information with any federal, state, or local governmental agency;
(4) To sell, at public or private sale, with or without public bidding, any loan or other obligation held by the authority; and
(5) To do any act necessary or convenient to the exercise of the powers granted by sections 348.005 to 348.180 or reasonably implied from the provisions of sections 348.005 to 348.180.
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(L. 1981 H.B. 681 § 17)
CROSS REFERENCES:
Bi-state development agency, bonds of, investment in authorized, 70.377
Multinational banks, securities and obligations of, investment in, when, 409.950
Savings accounts in insured savings and loan associations, investment in authorized, 369.194
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.085 - Cooperation with federal and state agencies.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.085. Cooperation with federal and state agencies. —
The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of sections 348.005 to 348.180, to enter into agreements or other transactions with, and accept grants and the cooperation of, the United States or any agency or instrumentality thereof or of this state or any agency or instrumentality thereof, in furtherance of the purposes of sections 348.005 to 348.180, and to do any and all things necessary in order to avail itself of such aid and cooperation.
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(L. 1981 H.B. 681 § 18)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.090 - Additional powers of authority.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.090. Additional powers of authority. —
The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of sections 348.005 to 348.180, to:
(1) Make contracts with the state or any governmental agency or political subdivision thereof, the federal government, public corporations or bodies, and private corporations or individuals in furtherance of the purposes of sections 348.005 to 348.180; and
(2) Make and execute contracts and all other instruments necessary or convenient for the exercise of its powers and functions under sections 348.005 to 348.180; and
(3) Receive and accept aid or contributions, from any source, of money, property, labor, or other things of value, to be held, used, and applied to carry out the purposes of sections 348.005 to 348.180, subject to such conditions upon which such grants and contributions may be made;
(4) Borrow money and issue bonds, notes, and other evidences of indebtedness thereof, as provided in sections 348.005 to 348.180;
(5) Include in any borrowing such amounts as may be deemed necessary by the authority to establish reserves and to pay financing charges, interest on the obligations for a period not exceeding three years from the date of issuance of such obligations, consultant, advisory, and legal fees, and such other expenses as are necessary or incidental to such borrowing;
(6) Procure, or agree to the procurement of, insurance or guarantees from the federal government for the payment of any bonds, notes, or any other evidences of indebtedness thereof issued by the authority, including the power to pay premiums on any such insurance;
(7) Purchase bonds or notes of the authority out of any funds or money of the authority available therefor, and to hold, cancel, or resell such bonds or notes.
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(L. 1981 H.B. 681 § 19)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.095 - Termination of authority, rights and property to vest in state — exceptions.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.095. Termination of authority, rights and property to vest in state — exceptions. —
Upon termination or dissolution, all rights and properties of the authority shall pass to and be vested in the state of Missouri, subject to the rights of noteholders, bondholders, and other creditors.
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(L. 1981 H.B. 681 § 20)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.100 - Loans, authority may purchase or participate, requirements.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.100. Loans, authority may purchase or participate, requirements. —
The authority may purchase agricultural development loans, small business development loans, and small business pollution control facilities loans originated by lenders, or may participate with lenders in making such loans, and may enter into commitments to lenders for such purchase or participation, provided that, as to each loan:
(1) The applicant cannot, in the authority's judgment, obtain a loan on equivalent terms without such purchase or participation;
(2) The yield to the authority on the loan or on its participation therein will, in its judgment, be sufficient to pay all costs and expenses incurred by the authority in making or participating in the loan and issuing bonds or notes to finance it, including any discount, principal, interest, redemption premium, reserves, and property or loan insurance and servicing cost not paid by the borrower or the lender;
(3) The payment of principal and interest with respect to the loans is guaranteed to the amount of the authority's participation therein, or is insured under a policy providing for payment of a percentage of any loss at least equal to that percentage by which the original principal amount of the loan exceeds seventy-five percent of the appraised value of the property, subject to a first mortgage or perfected security interest granted for the security of the loans; and
(4) The lender provides all documentation required to demonstrate that the applicant is an eligible borrower and that all conditions for insurance or guaranty of the loan have been fulfilled, and agrees to service the loan or provide for its servicing by another lender, in accordance with rules of the authority.
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(L. 1981 H.B. 681 § 21)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.110 - Bond issues and notes authorized.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.110. Bond issues and notes authorized. —
The authority may issue from time to time its negotiable notes and bonds in such principal amount as it shall determine to be necessary to provide sufficient funds for achieving its corporate purposes, including the payment of interest on notes and bonds of the authority, establishment of reserves to secure such notes and bonds including any reserve funds, and all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers.
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(L. 1981 H.B. 681 § 23)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.115 - Obligations not debt of the state or political subdivision — payable only from revenues or assets of authority.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.115. Obligations not debt of the state or political subdivision — payable only from revenues or assets of authority. —
Obligations issued under the provisions of sections 348.005 to 348.180 shall not constitute a debt, liability, or obligation of this state or of any political subdivision of this state, nor shall any such obligation be a pledge of the faith and credit of this state or of any political subdivision of this state, but shall be payable solely from the revenues or assets of the authority. The issuance of bonds under sections 348.005 to 348.180 shall not, directly or indirectly, or contingently, obligate the state or any political subdivision thereof to levy any form of taxation therefor or to make any appropriation for their payment. Each obligation issued under sections 348.005 to 348.180 shall contain on the face thereof a statement to the effect that the authority shall not be obligated to pay the same nor the interest thereon except from the revenues or assets pledged therefor, and that neither the faith and credit nor the taxing power of this state or of any political subdivision of this state is pledged to the payment of the principal of or the interest on such obligation.
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(L. 1981 H.B. 681 § 24)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses › Section 348.120 - Note issue and renewal — bond issues and refunding authorized.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348
• Effective - 28 Aug 1981
348.120. Note issue and renewal — bond issues and refunding authorized. —
1. The authority shall have the power, from time to time, to issue notes to renew notes and bonds to pay notes, including the interest thereon, and, whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund bonds then outstanding and partly for any of its corporate
*
purposes.
2. Bonds or notes may be issued under the provisions of sections 348.005 to 348.180 without obtaining the consent of any department, division, commission, board, body, bureau, or agency of this state, and without any other proceedings or the happening of any conditions or things other than those proceedings, conditions, or things which are specifically required by sections 348.005 to 348.180 and by the provisions of the resolution authorizing the issuance of such bonds or notes, or the trust agreement securing the same.
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(L. 1981 H.B. 681 §§ 25, 26)
*Word "corporation" appears in original rolls.