Missouri § 351.280 - When execution may be levied against shareholders.
Full text of Missouri Revised Statutes of Missouri § 351.280 — When execution may be levied against shareholders., with citation guidance and answers to common questions.
§ 351.280. When execution may be levied against shareholders.
If any execution shall have been issued against any corporation, and there cannot be found any property or effects whereon to levy the same, then such execution may be issued against any of the shareholders to the extent of the amount of the unpaid balance of such shares by him or her owned; provided, always, that no execution shall issue against any shareholder except upon an order of the court in which the action, suit or other proceedings shall have been brought or instituted, made upon motion in open court, after sufficient notice, in writing, to the person sought to be charged; and, upon such motion, such court may order execution to issue accordingly; and provided further, that no shareholder shall be individually liable in any amount over and above the amount of shares owned.
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(RSMo 1939 § 5048, A.L. 1943 p. 410 § 15)
Prior revisions: 1929 § 4572; 1919 § 9764; 1909 § 3004
---- end of effective 28 Aug 1943 ----
Frequently Asked Questions About Missouri § 351.280
What does Revised Statutes of Missouri § 351.280 cover?
Section 351.280 ("When execution may be levied against shareholders.") 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 § 351.280?
A common citation format is "Revised Statutes of Missouri § 351.280" (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 § 351.280 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.