Terms Used In Missouri Laws 415.030

  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
  • State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020

The person or persons receiving a license under the provisions of sections 415.010 to 415.050 shall annually file with the clerk of the court granting the same, a surety bond executed by a surety corporation authorized to do business in this state, or a bond with good and sufficient security running to the people of the state of Missouri, to be approved by the court, in the penal sum of twenty-five thousand dollars, or a legal liability insurance policy in the penal sum of twenty-five thousand dollars conditioned for the faithful performance of his or their duties as a public warehouseman or warehousemen, and as security for the payment of all penalties and damages found and adjudged against such warehouseman or warehousemen by due course of law, for the violation of any clause of sections 415.010 to 415.050, and his or their full and unreserved compliance with the laws of this state in relation thereto.