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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 362

previous next Effective - 28 Aug 1939bottom

  362.260.  Vacancies in board of directors. — 1.  All vacancies in the office of directors shall be filled by election by the stockholders except as herein provided.

  2.  Vacancies not exceeding one-third of the whole number of the board may be filled by the affirmative vote of a majority of the directors then in office, and the directors so elected may hold office until such vacancies are filled by the stockholders at a special or annual meeting.

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(RSMo 1939 § 7961)

Prior revisions: 1929 § 5366; 1919 § 11749


---- end of effective   28 Aug 1939 ----

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