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Missouri Laws 355.746 - Assets of dissolved corporation--deposit with state treasurer

Missouri Laws > Title XXIII > Chapter 355 > § 355.746 - Assets of dissolved corporation--deposit with state treasurer


Current as of: 2009

355.746. Assets of a dissolved corporation which should be transferred to a creditor, claimant or member of the corporation who cannot be found or who is not competent to receive them shall be reduced to cash subject to known trust restrictions and deposited with the state treasurer for safekeeping; but, in the state treasurer's discretion property may be received and held in kind. When the creditor, claimant or member furnishes satisfactory proof of entitlement to the amount deposited or property held in kind, the state treasurer shall deliver to the creditor, member or other person or his representative that amount or property.

(L. 1994 H.B. 1095)

Effective 7-1-95

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Questions & Answers: Non-Profit Corporations

If a 1976 corporation homeowners association failed to adopt any bylaws and in 2007 filed them finally in the county in which the townhomes were, but the articles and by laws were...
Suzanne, Unless the association has been legally dissolved, it can continue operating, despite problems with its corporate formalities. To use an analogy, Citibank has to file a va...
501c7 (country club) wants to dissolve and sell to or form a for-profit corp. Would sell shares to interested parties. Would sell $500,000.00 in shares to raise enough money to mak...
Must a vote on an issue be held during a regular membership meeting? If the answer is yes, if a quorum is not met, may the vote still be taken and is it binding?...
Is the board of a 501c3 non-profit obligated to provide minutes to their meetings if requested by a stakeholder? In the event of an animal shelter, would a donor or volunteer be co...
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See also:
Missouri Laws > Title XXIII > Chapter 355 - Nonprofit Corporation Law

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Comments (1)add comment
Jeff Lewis: ...
501c7 (country club) wants to dissolve and sell to or form a for-profit corp.
Would sell shares to interested parties. Would sell $500,000.00 in shares to raise enough money to make improvements and continue to operate as a public golf course and semi-private social club. Is this possible. Is there any way to transfer our assets to a for -profit corp.
1

April 03, 2013

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