If any shares of stock in a professional corporation are acquired by any person who is a disqualified person in foreclosure of a pledge or otherwise, the then owner of the shares shall hold them subject to the same rights and obligations and the professional corporation shall be subject to the same rights and obligations under sections 356.011 to 356.261 as if the then owner of the shares had become a disqualified person.
Mo. Rev. Stat. § 356.161
Rights and obligations of unqualified persons acquiring shares by foreclosure
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.