The reasonable charges and expenses of organization or reorganization of a corporation and reasonable compensation for the sale or underwriting of its shares, may be paid or allowed by such corporation out of consideration received by it in payment for its shares without thereby rendering such shares not full-paid and nonassessable.
Mo. Rev. Stat. § 351.170
Expenses of organization or reorganization, how paid
Known as the Missouri Cooperative Associations Act
The act spans §§ 351–351 (291 sections).
Effective: 28 Aug 1943; (L. 1943 p. 410 § 21)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.