State Codes and Statutes

Statutes > Missouri > T17 > C275 > 275_120

Associations may purchase and retire own stock.

275.120. Such associations may also have power, and they arehereby authorized to purchase and retire shares of their ownstock, whether with or without par value, at a consideration notin excess of the amount for which such share, or shares, wereissued in the first instance, together with interest at the rateof six percent per annum upon such shares from date of issuancethereof, less, however, the amount of dividends, if any, paid tothe holder of such shares.

(RSMo 1939 § 14374)

Prior revision: 1929 § 12716

State Codes and Statutes

Statutes > Missouri > T17 > C275 > 275_120

Associations may purchase and retire own stock.

275.120. Such associations may also have power, and they arehereby authorized to purchase and retire shares of their ownstock, whether with or without par value, at a consideration notin excess of the amount for which such share, or shares, wereissued in the first instance, together with interest at the rateof six percent per annum upon such shares from date of issuancethereof, less, however, the amount of dividends, if any, paid tothe holder of such shares.

(RSMo 1939 § 14374)

Prior revision: 1929 § 12716


State Codes and Statutes

State Codes and Statutes

Statutes > Missouri > T17 > C275 > 275_120

Associations may purchase and retire own stock.

275.120. Such associations may also have power, and they arehereby authorized to purchase and retire shares of their ownstock, whether with or without par value, at a consideration notin excess of the amount for which such share, or shares, wereissued in the first instance, together with interest at the rateof six percent per annum upon such shares from date of issuancethereof, less, however, the amount of dividends, if any, paid tothe holder of such shares.

(RSMo 1939 § 14374)

Prior revision: 1929 § 12716