{"data":{"id":"us-mo/mo.-rev.-stat.-238.307","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 238.307","heading":"Corporation, creation of, purpose — organization, nonprofit — tax-exempt status.","body":"1. A corporation may be created to fund, promote, plan, design, construct, maintain, and operate one or more projects or to assist in such activity.\n2. The corporation shall be a nonmember, nonstock corporation. It shall be organized under and governed by sections 238.300 to 238.360 and by the provisions of the general not-for-profit corporation law, chapter 355. Any provision of sections 238.300 to 238.360 shall take precedence over any conflicting provision of chapter 355.\n3. No part of the earnings or assets of a transportation corporation shall inure to the benefit of any private interests, person, or entity.\n4. Property held by and activities of a corporation created under the provisions of sections 238.300 to 238.360 exist and are conducted for purely civic, social welfare, and charitable purposes. A transportation corporation shall be exempt from taxation in accordance with Article X, Section 6 of the Missouri Constitution. The corporation shall not be required to pay any taxes or assessments upon or with respect to a project or property acquired or used by the corporation or upon income therefrom.","path":["Title XIV - ROADS AND WATERWAYS","Chapter 238 - Transportation Districts and Transportation Corporations, Special Projects"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=238.307","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:26Z","sha256":"57e3c29d5d686a6ea5413e7aeb0e7de7c2891f8f0c1d256727ee48de973b26fe","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-238.305","next":"us-mo/mo.-rev.-stat.-238.310"},"notice":"GroundRules: Original legal text. Not legal advice."}