Missouri § 371.160 - Limit on obligations, exceptions.
Full text of Missouri Revised Statutes of Missouri § 371.160 — Limit on obligations, exceptions., with citation guidance and answers to common questions.
§ 371.160. Limit on obligations, exceptions.
At no time shall the total obligations of the corporation exceed ten times the amount of paid-in capital and surplus, not including therein the earned surplus. This limitation shall not apply with respect to that portion of the corporation's obligations incurred with respect to assets or investments to the extent that they are secured or covered by guaranties or by commitments or agreements to take over, or purchase, made by the United States of America, or by any department, bureau, agency, board, commission or establishment of the United States including any corporation, wholly owned, directly or indirectly, by the United States, pursuant to the authority of an act of Congress heretofore or hereafter adopted or amended or pursuant to the authority of any executive order of the President of the United States heretofore or hereafter made or amended under the authority of any act of Congress, heretofore or hereafter adopted or amended.
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(L. 1961 p. 157 § 15, A.L. 1973 S.B. 90)
---- end of effective 28 Aug 1973 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 371.160
What does Revised Statutes of Missouri § 371.160 cover?
Section 371.160 ("Limit on obligations, exceptions.") 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 § 371.160?
A common citation format is "Revised Statutes of Missouri § 371.160" (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 § 371.160 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.