{"data":{"id":"us-mo/mo.-rev.-stat.-355.726","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 355.726","heading":"Judicial dissolution.","body":"1. The circuit court may dissolve a corporation:\n(1) In a proceeding by the attorney general if it is established that:\n(a) The corporation obtained its articles of incorporation through fraud;\n(b) The corporation has continued to exceed or abuse the authority conferred upon it by law;\n(c) The corporation is a public benefit corporation other than a church or convention or association of churches and the corporate assets are being misapplied or wasted; or\n(d) The corporation is a public benefit corporation other than a church or convention or association of churches and is no longer able to carry out its purposes;\n(2) Except as provided in the articles or bylaws of a public benefit corporation which is a church or convention or association of churches, in a proceeding by fifty members or members holding five percent of the voting power, whichever is less, or by a director or any person specified in the articles, if it is established that:\n(a) The directors are deadlocked in the management of the corporate affairs, and the members, if any, are unable to breach the deadlock;\n(b) The directors or those in control of the corporation have acted, are acting or will act in a manner that is illegal, oppressive or fraudulent;\n(c) The members are deadlocked in voting power and have failed, for a period that includes at least two consecutive annual meeting dates, to elect successors to directors whose terms have, or would otherwise have, expired;\n(d) The corporate assets are being misapplied or wasted; or\n(e) The corporation is a public benefit corporation and is no longer able to carry out its purposes;\n(3) In a proceeding by a creditor if it is established that:\n(a) The creditor's claim has been reduced to a judgment, the execution on the judgment returned unsatisfied and the corporation is insolvent; or\n(b) The corporation has admitted in writing that the creditor's claim is due and owing and the corporation is insolvent; or\n(4) In a proceeding by the corporation to have its voluntary dissolution continued under court supervision.\n2. Prior to dissolving a corporation, the court shall consider whether:\n(1) There are reasonable alternatives to dissolution;\n(2) Dissolution is in the public interest, if the corporation is a public benefit corporation other than a church or convention or association of churches;\n(3) Dissolution is the best way of protecting the interests of members, if the corporation is a mutual benefit corporation.","path":["Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS","Chapter 355 - Nonprofit Corporation Law"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=355.726","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:27Z","sha256":"b8ddef1836b86a62069393da072859af32d5df732f4748b62f871db1579e506c","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-355.721","next":"us-mo/mo.-rev.-stat.-355.731"},"notice":"GroundRules: Original legal text. Not legal advice."}