351.608. No prior approval by state agency necessary for acquisition of stocks and bonds by foreign corporations, when.
No prior approval by state agency necessary for acquisition ofstocks and bonds by foreign corporations, when.
351.608. Notwithstanding any provision of law to the contrary in thisor any other chapter, no foreign corporation doing business in this stateshall be required to obtain prior approval of any state agency to acquire,directly or indirectly, the stock or bonds of another foreign corporationincorporated for, or engaged in, the same or a similar business which doesnot conduct business in this state. Nothing herein shall be construed tolimit or impair any state agency from exercising any lawful authority asmay be necessary to protect the interests of the public in this state withrespect to any such acquisition. This provision is enacted in part toclarify and specify the law existing prior to August 28, 2001.
(L. 2001 S.B. 288)Effective 7-01-01