Missouri Laws 107.100 – Company executing bond as surety estopped to deny its corporate authority
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Terms Used In Missouri Laws 107.100
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Every company which shall execute any bond or other obligation, as surety for another, under the provisions of sections 107.080 and 107.090 shall be estopped to deny its corporate power to execute such instrument, or assume such liability.