Missouri § 370.356 - Shareholder may object to merger or consolidation, procedure — payment of value of shares.
Full text of Missouri Revised Statutes of Missouri § 370.356 — Shareholder may object to merger or consolidation, procedure — payment of value of shares., with citation guidance and answers to common questions.
§ 370.356. Shareholder may object to merger or consolidation, procedure — payment of value of shares.
1. If a shareholder of a credit union which is a party to a merger or consolidation files with such credit union, prior to or at the meeting of shareholders or members at which the plan of merger or consolidation is submitted to a vote, a written objection to such a plan of merger or consolidation, and shall not vote in favor thereof, and the shareholder within ten days after the merger or consolidation is effected, makes written demand on the surviving or new credit union for payment of the fair value of his or her share as of the day prior to the date on which the vote was taken approving the merger or consolidation, the surviving or new credit union shall pay to such shareholder, upon surrender of his or her pass book or other record representing the shares, the fair value thereof as reflected by the books of the company, not including any goodwill or statutory reserve fund that may be had by the credit union.
2. The demand shall state the number of shares owned by the dissenting shareholder.
3. Any shareholder failing to make demand within the ten day period shall be conclusively presumed to have consented to the merger or consolidation, and shall be bound by the terms thereof.
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(L. 1955 p. 254 § 370.357, A.L. 2020 S.B. 599)
---- end of effective 28 Aug 2020 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 370.356
What does Revised Statutes of Missouri § 370.356 cover?
Section 370.356 ("Shareholder may object to merger or consolidation, procedure — payment of value of shares.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 370.356?
A common citation format is "Revised Statutes of Missouri § 370.356" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 370.356 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.