The property and business of a corporation shall be controlled and managed by a board of directors. Qualifications of directors may be prescribed in the articles of incorporation, or in the bylaws. The compensation of the directors may be set by the board of directors unless otherwise provided in the articles of incorporation or the bylaws.
Mo. Rev. Stat. § 351.310
Board of directors, powers, qualifications, compensation
Known as the Missouri Cooperative Associations Act
The act spans §§ 351–351 (291 sections).
Effective: 28 Aug 1975; (RSMo 1939 § 5346, A.L. 1943 p. 410 § 36, A.L. 1965 p. 532, A.L. 1975 S.B. 14); Prior revisions: 1929 § 4941; 1919 § 10152; 1909 § 3347
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.