A professional corporation may purchase its own shares from a disqualified person even though its net assets are less than its stated capital, or even when by so doing its net assets would be reduced below its stated capital.
Mo. Rev. Stat. § 356.101
Corporation may purchase own shares, when
Known as the The Professional Corporation Law
The act spans §§ 356–356 (28 sections).
Effective: 28 Aug 1986; (L. 1986 H.B. 1230)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.