379.595. Additional requirements of articles of association. - Missouri Statutes

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Additional requirements of articles of association.

379.595. 1. If such company be a stock company, then thearticles of association shall set forth, in addition to therequirements of section 379.590, the amount of capital stock, thenumber of shares in which it shall have been divided, and theamount which has been paid upon each share, and if the capitalstock is less than that required by general statutes, it shall beincreased to at least that amount.

2. If such company be a mutual company, its articles ofassociation shall set forth, in addition to what is required bysection 379.590, the number of policyholders, the amount ofpremium notes, their face value, the amount of assessments paidthereon, and in all cases the amount of cash and other assets,itemized, held and owned by such company; provided, that theaggregate amount of the assets shall not be of less value thanrequired by new companies organizing under the insurance statutesof this state concerning mutual companies.

(RSMo 1939 § 5943)
Prior revisions: 1929 § 5832; 1919 § 6242; 1909 § 7033

State Codes and Statutes

Statutes > Missouri > T24 > C379 > 379_595

Additional requirements of articles of association.

379.595. 1. If such company be a stock company, then thearticles of association shall set forth, in addition to therequirements of section 379.590, the amount of capital stock, thenumber of shares in which it shall have been divided, and theamount which has been paid upon each share, and if the capitalstock is less than that required by general statutes, it shall beincreased to at least that amount.

2. If such company be a mutual company, its articles ofassociation shall set forth, in addition to what is required bysection 379.590, the number of policyholders, the amount ofpremium notes, their face value, the amount of assessments paidthereon, and in all cases the amount of cash and other assets,itemized, held and owned by such company; provided, that theaggregate amount of the assets shall not be of less value thanrequired by new companies organizing under the insurance statutesof this state concerning mutual companies.

(RSMo 1939 § 5943)
Prior revisions: 1929 § 5832; 1919 § 6242; 1909 § 7033

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State Codes and Statutes

Statutes > Missouri > T24 > C379 > 379_595

Additional requirements of articles of association.

379.595. 1. If such company be a stock company, then thearticles of association shall set forth, in addition to therequirements of section 379.590, the amount of capital stock, thenumber of shares in which it shall have been divided, and theamount which has been paid upon each share, and if the capitalstock is less than that required by general statutes, it shall beincreased to at least that amount.

2. If such company be a mutual company, its articles ofassociation shall set forth, in addition to what is required bysection 379.590, the number of policyholders, the amount ofpremium notes, their face value, the amount of assessments paidthereon, and in all cases the amount of cash and other assets,itemized, held and owned by such company; provided, that theaggregate amount of the assets shall not be of less value thanrequired by new companies organizing under the insurance statutesof this state concerning mutual companies.

(RSMo 1939 § 5943)
Prior revisions: 1929 § 5832; 1919 § 6242; 1909 § 7033