Missouri § 356.161 - Rights and obligations of unqualified persons acquiring shares by foreclosure.
Full text of Missouri Revised Statutes of Missouri § 356.161 — Rights and obligations of unqualified persons acquiring shares by foreclosure., with citation guidance and answers to common questions.
§ 356.161. Rights and obligations of unqualified persons acquiring shares by foreclosure.
If any shares of stock in a professional corporation are acquired by any person who is a disqualified person in foreclosure of a pledge or otherwise, the then owner of the shares shall hold them subject to the same rights and obligations and the professional corporation shall be subject to the same rights and obligations under sections 356.011 to 356.261 as if the then owner of the shares had become a disqualified person.
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(L. 1986 H.B. 1230)
---- end of effective 28 Aug 1986 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 356.161
What does Revised Statutes of Missouri § 356.161 cover?
Section 356.161 ("Rights and obligations of unqualified persons acquiring shares by foreclosure.") 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 § 356.161?
A common citation format is "Revised Statutes of Missouri § 356.161" (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 § 356.161 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.