Missouri § 164.201 - Exchange and sale of refunding bonds — restrictions.
Full text of Missouri Revised Statutes of Missouri § 164.201 — Exchange and sale of refunding bonds — restrictions., with citation guidance and answers to common questions.
§ 164.201. Exchange and sale of refunding bonds — restrictions.
No refunding or renewal bond shall be exchanged by the board of any school district for any outstanding bond for a sum less than ninety cents on the dollar of its face value. The board also may sell the refunding or renewal bonds for cash if in its judgment it will be to the interest of the school district; but no commission shall be allowed or cost incurred in the exchange or sale of bonds which will reduce the net proceeds of the same to a less amount than ninety cents on the dollar, and all sums of money realized from the sale of refunding or renewal bonds shall be used in the redemption of outstanding bonds of the school district.
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(L. 1963 p. 200 § 5-20)
(Source: RSMo 1959 § 165.057, A.L. 1961 p. 345)
---- end of effective 28 Aug 1963 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 164.201
What does Revised Statutes of Missouri § 164.201 cover?
Section 164.201 ("Exchange and sale of refunding bonds — restrictions.") 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 § 164.201?
A common citation format is "Revised Statutes of Missouri § 164.201" (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 § 164.201 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.