Missouri § 357.015 - Housing cooperative, defined, limitations.
Full text of Missouri Revised Statutes of Missouri § 357.015 — Housing cooperative, defined, limitations., with citation guidance and answers to common questions.
§ 357.015. Housing cooperative, defined, limitations.
1. For the purposes of this section, a "housing cooperative" means a cooperative incorporated under this chapter, as modified by this section, for the purpose of producing or furnishing housing.
2. Any number of persons, not less than five, may associate themselves together as a housing cooperative under section 357.010.
3. No shareholder in a housing cooperative shall own shares of a greater aggregate par value than twenty percent of the aggregate par value of all shares of stock of such housing cooperative for the purposes of section 357.050.
4. The bylaws of a housing cooperative may provide for the business activities which such housing cooperative is engaged in, and the manner and method of conducting such activities, which may be conducted independently or jointly with any other person, entity or organization for the purposes of section 357.130.
5. Section 357.150 shall not be applicable to a housing cooperative.
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(L. 1998 S.B. 517)
---- end of effective 28 Aug 1998 ----
Frequently Asked Questions About Missouri § 357.015
What does Revised Statutes of Missouri § 357.015 cover?
Section 357.015 ("Housing cooperative, defined, limitations.") 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 § 357.015?
A common citation format is "Revised Statutes of Missouri § 357.015" (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 § 357.015 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.