Missouri § 351.1168 - Dissolution, interests in property may be conveyed, when.
Full text of Missouri Revised Statutes of Missouri § 351.1168 — Dissolution, interests in property may be conveyed, when., with citation guidance and answers to common questions.
§ 351.1168. Dissolution, interests in property may be conveyed, when.
1. After the notice of intent to dissolve has been filed with the secretary of state, the board, or the officers acting under the direction of the board shall proceed as soon as possible:
(1) To collect or make provision for the collection of all debts due or owing to the cooperative, including unpaid subscriptions for shares; and
(2) To pay or make provision for the payment of all debts, obligations, and liabilities of the cooperative according to their priorities.
2. After the notice of intent to dissolve has been filed with the secretary of state, the board may sell, lease, transfer, or otherwise dispose of all or substantially all of the property and assets of the dissolving cooperative without a vote of the members.
3. Tangible and intangible property, including money, remaining after the discharge of the debts, obligations, and liabilities of the cooperative shall be distributed to the members and former members as provided in the articles or bylaws, which may be on the basis of such member's patronage with the cooperative, unless otherwise provided by law. If previously authorized by the members, the tangible and intangible property of the cooperative may be liquidated and disposed of at the discretion of the board.
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(L. 2011 S.B. 366)
---- end of effective 28 Aug 2011 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 351.1168
What does Revised Statutes of Missouri § 351.1168 cover?
Section 351.1168 ("Dissolution, interests in property may be conveyed, 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 § 351.1168?
A common citation format is "Revised Statutes of Missouri § 351.1168" (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 § 351.1168 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.