356.161. Rights and obligations of unqualified persons acquiring shares by foreclosure.
Rights and obligations of unqualified persons acquiring shares byforeclosure.
356.161. If any shares of stock in a professionalcorporation are acquired by any person who is a disqualifiedperson in foreclosure of a pledge or otherwise, the then owner ofthe shares shall hold them subject to the same rights andobligations and the professional corporation shall be subject tothe same rights and obligations under sections 356.011 to 356.261as if the then owner of the shares had become a disqualifiedperson.
(L. 1986 H.B. 1230)