Mo. Rev. Stat. § 355.216: Purchase of membership, restrictions.
Where this section sits in the code
- Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
- Chapter 355 - Nonprofit Corporation Law
1. A public benefit corporation may not purchase any of its memberships or any right arising therefrom.
2. A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of section 355.661.
Collected 2026-09-03T22:23:27Z. Source file · JSON