Missouri § 362.042 - Restated articles of incorporation may be amended at time of restatement, manner.

§ 362.042. Restated articles of incorporation may be amended at time of restatement, manner.

1.  Any bank or trust company may at any time restate its articles of agreement as theretofore amended, in the following manner:

(1)  The directors may adopt a resolution setting forth the proposed restated articles of agreement and directing that they be submitted to a vote at a meeting of stockholders, which may be either an annual or a special meeting, except that the proposed restated articles of agreement need not be adopted by the directors and may be submitted directly to an annual or special meeting of stockholders;

(2)  Notice shall be given as provided in section 362.044;

(3)  At the meeting a vote of the stockholders entitled to vote thereon shall be taken on the proposed restated articles.  The proposed restated articles shall be adopted upon receiving the affirmative vote of a majority of the outstanding shares entitled to vote;

(4)  Upon such approval, restated articles of agreement shall be executed in duplicate by the bank or trust company by its president or a vice president and by its cashier or secretary or an assistant cashier or secretary, and verified by one of the officers signing the articles.  The restated articles shall contain a statement that the restated articles correctly set forth without change the corresponding provisions of the articles of agreement as heretofore amended, and that the restated articles of agreement supersede the original articles of agreement and all amendments thereto;

(5)  The restated articles of agreement shall be delivered to the director of finance.  If the director finds that the restated articles conform to law, and that all required fees have been paid, he or she shall file the same;

(6)  The director thereupon shall issue a restated certificate of incorporation setting forth the name of the bank or trust company, the amount of its capital subscribed and paid up in full, the period of its existence, and the address and location in the city or town at which the corporation is authorized to conduct its business.  A certified copy of the restated articles shall be attached to the restated certificate of incorporation and delivered to the bank or trust company;

(7)  Upon the issuance of the restated certificate of incorporation by the director of finance, the restated articles shall supersede the original articles of agreement and all amendments thereto.

2.  The articles of incorporation may be amended at the time of restatement of the articles of incorporation in the following manner:

(1)  The procedure required by this chapter for effecting an amendment to the articles of incorporation may be carried out concurrently with the procedure for restatement so that the proposed amendment and the restated articles may be presented to the same meetings of directors and shareholders;

(2)  Such amendment, upon adoption by that percentage vote of shareholders required for that particular amendment, and on being set forth in the certificate of amendment required by this chapter, may then be incorporated into such restated articles of incorporation;

(3)  The amended and restated articles of agreement shall be delivered to the director of finance.  If the director finds that the amended and restated articles conform to law, and that all required fees have been paid, he or she shall file the same;

(4)  The director thereupon shall issue a restated certificate of incorporation setting forth the name of the bank or trust company, the amount of its capital subscribed and paid up in full, the period of its existence, and the address and location at which the corporation is authorized to conduct its business.  A certified copy of the amended and restated articles shall be attached to the restated certificate of incorporation and delivered to the bank or trust company;

(5)  Upon the issuance of the restated certificate of incorporation by the director of finance, the amended and restated articles shall supersede the original articles of agreement and all amendments thereto.

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(L. 1967 p. 445, A.L. 2000 S.B. 896, A.L. 2005 H.B. 707, A.L. 2019 S.B. 179)

---- end of effective  28 Aug 2019 ----

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