State Codes and Statutes
Statutes > Missouri > T20 > C311 > 311_061Stock ownership not deemed financial interest, when.
311.061. Notwithstanding the definition of "financialinterest" contained in section 311.060, service as a member ofthe board of directors of a corporation, the stock of which istraded on the New York or American Stock Exchange or NASDAQ, orownership of less than ten percent of the outstanding shares insuch corporation, shall not constitute a financial interest insuch corporation or a subsidiary thereof.
(L. 1985 H.B. 166, A.L. 1994 S.B. 474)
