Missouri · statute · Mo. Rev. Stat. ch. 275 · 39 active provisions
1. Commodity associations, as authorized in this chapter, may be incorporated as follows: Corn growers associations, wheat growers associations, potato growers associations, apple growers associations, strawberry growers associations, cotton growers associations and melon growers associations, but no such association s…
That any three or more citizens and residents of this state engaged in growing, cultivating and producing the same agricultural commodity may, upon application as provided in this chapter, become a body corporate, and as such shall have and exercise the following powers: (1) To have succession by its corporate name for…
Associations may be incorporated under the provisions of this chapter, by three or more persons entering into written articles of agreement which shall set forth: (1) The name of the association, which shall include the name of the commodity which the members thereof are engaged in growing, producing or marketing; (2)…
Articles of agreement for the incorporation of associations under this chapter, shall be filed and recorded in the office of the secretary of state, who shall issue a certificate of incorporation thereon, which shall be filed and recorded in the office of the recorder of deeds in the county in which the principal offic…
At the time of filing articles of agreement for the incorporation of commodity associations, as in this chapter authorized, there shall be paid to the state director of revenue an incorporating tax of fifty dollars on the first fifty thousand dollars, or less, of the authorized capital stock of such association and fiv…
The officers of every such association shall be a president, vice president, secretary, treasurer and such other officers as may be authorized by the bylaws.
1. That associations organized under the provisions of this chapter shall have a capital stock divided into shares having a par value, or having no par value, as the incorporators in their articles of association may determine. 2. If such shares have a par value, the par value thereof shall not be less than ten dollars…
The capital stock of every such association may be increased by the filing of an amendment to its articles of agreement, setting forth the amount of such increase and the payment of the incorporation tax and fees thereon, as required by section 275.050.
No share of stock having a par value shall be issued by any such association unless, and until, the par value thereof has in good faith been paid into the treasury of the association in lawful money of the United States, and no share of capital stock without par value shall be issued by any association until the value…
No stockholder or member of associations organized under the provisions of this chapter shall ever be individually liable by reason thereof, in any amount over or above the value of the share, or shares, owned by him, and having once paid, as in this chapter provided, for said shares, his liability with reference there…
The shares of stock of associations shall be nontransferable, except from the original holder thereof, his heirs, executor, administrator, or legal representative, to the association as authorized in this chapter.
Such associations may also have power, and they are hereby authorized to purchase and retire shares of their own stock, whether with or without par value, at a consideration not in excess of the amount for which such share, or shares, were issued in the first instance, together with interest at the rate of six percent…
Every such association shall have power, and is hereby authorized, when it shall purchase any of its shares, to reissue and resell such shares upon the same terms and conditions as in the first instance.
Associations organized under the provisions of this chapter shall have power, and they are hereby authorized, to limit the number of shares which any stockholder or member of such association may have or hold.
That commodity corporation associations, organized under the provisions of this chapter, shall have power and they are hereby authorized to do any and all things not specifically prohibited by law, which may be necessary to fully carry out the purposes of its organization.
Commodity associations incorporated under the provisions of this chapter may act as trustee, and as such, or in its own right, may own and vote stock in corporations owning and operating elevators, warehouses, storage houses, factories, mills, and plants for the purpose of storing, treating, processing, or marketing th…
Every association organized under the provisions of this chapter shall have power, and is hereby authorized, to borrow on its own account, or as trustee, for its members, on warehouse certificates, bills of lading or other collateral, as the needs of the association or its members may require.
Any association organized under the provisions of this chapter shall have power, and it is hereby authorized, to contract with its members, collectively or individually, for the entire or partial output of the commodity, for the handling of which it is organized for such number of years as may be authorized by its byla…
Commodity associations as defined in this chapter shall have power to issue notes, payable in such amounts at such rate of interest, and payable at such times as its board of directors may authorize, and to secure the payment of said notes by depositing warehouse certificates, issued against the commodity which such as…
That commodity associations organized under the provisions of this chapter shall be exempt from the limitations, restrictions and burdens imposed upon corporations by any law of this state pertaining to the regulation thereof, except such as are in this chapter specifically set forth.
When used in sections 275.300 to 275.370 the following terms mean: (1) "Agricultural commodity", any agriculture product that has been produced for purpose of sale or exchange except animals whose principal use could be construed as recreational, or as a pet; (2) "Commercial quantity", a quantity produced per year or o…
Producers of agricultural commodities are hereby authorized to organize commodity merchandising councils to establish orderly, fair, sound and efficient markets and to maintain, develop and expand markets for agricultural commodities produced in Missouri and to increase the use and consumption of these products. The co…
A representative group of not less than five percent of the producers of an agricultural commodity may petition the director for permission to establish a commodity merchandising council. This petition shall include: (1) A statement of the area of production to be included (the area shall be statewide, except that it m…
1. When the director receives a petition for permission to establish a commodity merchandising council he shall: (1) Determine the legal sufficiency of the petition; (2) Establish a list of producers of such agricultural commodity or make any such existing list current; (3) Hold a public hearing or hearings on the prop…
1. Every hearing held pursuant to sections 275.300 to 275.370 shall be public and a permanent record taken of all testimony received. The administrative hearing officer shall conduct the hearing and the director may make the determination from the record. 2. The director shall make and publish findings based upon the f…