Missouri Laws 355.316 – Requirement for, duties of board — name of board, permissible alternatives
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1. Each corporation shall have a board of directors, which may also be called a board of trustees, a board of regents or a board of overseers.
2. Except as provided in this chapter, all corporate powers shall be exercised by or under the authority of, and the affairs of the corporation managed under the direction of, its board.
Terms Used In Missouri Laws 355.316
- board of directors: the board of directors except that no person or group of persons is the board of directors because of powers delegated to that person or group pursuant to section 355. See Missouri Laws 355.066
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: public benefit and mutual benefit corporations. See Missouri Laws 355.066
- Directors: individuals, designated in the articles or bylaws or elected by the incorporator or incorporators, and their successors and individuals elected or appointed by any other name or title to act as members of the board. See Missouri Laws 355.066
3. Any corporation established pursuant to this chapter before August 28, 1997, may use the term “board of curators” as the name of the not-for-profit corporation’s board of directors.