Missouri § 357.080 - Management by board — election — removal.
Full text of Missouri Revised Statutes of Missouri § 357.080 — Management by board — election — removal., with citation guidance and answers to common questions.
§ 357.080. Management by board — election — removal.
1. Every such association shall be managed by a board of not less than five directors, who shall be elected by and from the shareholders, subject to such restrictions and with such qualifications as may be prescribed by the bylaws, at such time and for such term of office as the bylaws may prescribe, and shall hold office for the time for which elected, and until their successors are elected and qualified; but the shareholders shall have the power as herein provided, at any regular or special shareholders' meeting, legally called, to remove any director for cause and to fill the vacancy, and thereupon the director so removed shall cease to be a director of said association.
2. The officers of every such association shall be a president, one or more vice presidents, a secretary and treasurer, who shall be elected annually by the directors, and each of said officers must be a director of the association except the secretary and treasurer. The offices of secretary and treasurer may be combined, and when so combined, the person filling the office shall be secretary-treasurer.
3. When any director has been removed for cause, as herein provided, such action shall vacate any office held by him and such vacancy shall be filled from among the board of directors so constituted after the vacancy in such board of directors has been filled by the shareholders as herein provided.
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(RSMo 1939 § 14410)
Prior revisions: 1929 § 12752; 1919 § 10250
---- end of effective 28 Aug 1939 ----
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Frequently Asked Questions About Missouri § 357.080
What does Revised Statutes of Missouri § 357.080 cover?
Section 357.080 ("Management by board — election — removal.") 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 § 357.080?
A common citation format is "Revised Statutes of Missouri § 357.080" (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 § 357.080 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.