Missouri § 238.340 - Powers — generally.
Full text of Missouri Revised Statutes of Missouri § 238.340 — Powers — generally., with citation guidance and answers to common questions.
§ 238.340. Powers — generally.
In addition to all other powers granted by sections 238.300 to 238.360 and all powers granted to general not-for-profit corporations under chapter 355, the corporation shall have the following general powers:
(1) To sue and be sued in its own name, and to receive service of process, which shall be served upon the corporation secretary;
(2) To fix compensation of its employees and contractors and to disburse funds for its activities. The corporation shall advertise and let construction contracts in the same manner as the letting of public works contracts by the department of transportation;
(3) To purchase, lease, lease-purchase, or acquire by gift or grant any real or personal property necessary or convenient for its activities;
(4) To purchase insurance; and
(5) To exercise such other implied powers necessary or convenient for the corporation to accomplish its purposes which are not inconsistent with its express powers.
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(L. 1990 S.B. 479 & 649 § 26)
Effective 5-30-90
---- end of effective 30 May 1990 ----
Frequently Asked Questions About Missouri § 238.340
What does Revised Statutes of Missouri § 238.340 cover?
Section 238.340 ("Powers — generally.") 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 § 238.340?
A common citation format is "Revised Statutes of Missouri § 238.340" (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 § 238.340 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.