238.355. Dissolution by commission, procedures, limitations.
Dissolution by commission, procedures, limitations.
238.355. 1. The commission may alter the organization,project or activities of the corporation by written directionsto the board.
2. The commission may dissolve the corporation. Thecommission shall not dissolve the corporation until alloutstanding debts and obligations of the corporation have beenpaid in full, or until any receivership or other appropriateaction to conclude the affairs of an insolvent corporation hasbeen completed. The commission shall only dissolve acorporation by judicial proceedings as specified in chapter 355,RSMo.
(L. 1990 S.B. 479 & 649 § 32)Effective 5-30-90