Missouri § 388.060 - Corporate powers to cease, when.
Full text of Missouri Revised Statutes of Missouri § 388.060 — Corporate powers to cease, when., with citation guidance and answers to common questions.
§ 388.060. Corporate powers to cease, when.
If any corporation formed under this chapter shall not, within two years after its articles of association are filed and recorded in the office of the secretary of state, begin the construction of its road, and shall not within one year thereafter expend thereon not less than ten percent on the amount of its capital, or shall not finish its road and put it in operation in ten years from the time of filing its articles of association as aforesaid, its corporate existence and powers shall cease; provided, that if a portion of its road shall be finished and in operation, it shall continue its corporate existence, with power to hold and manage the portion of its road so constructed, and for no other purpose.
--------
(RSMo 1939 § 5248)
Prior revisions: 1929 § 4810; 1919 § 9999; 1909 § 3212
---- end of effective 28 Aug 1939 ----
use this link to bookmark section 388.060
Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 388.060
What does Revised Statutes of Missouri § 388.060 cover?
Section 388.060 ("Corporate powers to cease, when.") 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 § 388.060?
A common citation format is "Revised Statutes of Missouri § 388.060" (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 § 388.060 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.