Missouri § 388.230 - Capital stock may be reduced, when and how.
Full text of Missouri Revised Statutes of Missouri § 388.230 — Capital stock may be reduced, when and how., with citation guidance and answers to common questions.
§ 388.230. Capital stock may be reduced, when and how.
Any railroad company incorporated by the laws of this state may at any time reduce the amount of its capital or common stock by a vote of three-fifths in interest of all the stock of such company to be affected thereby, at a stockholders' meeting, called in conformity to the bylaws of such company; and if so voted for, said capital stock may be reduced upon the plan in detail thus submitted to the stockholders; provided, that such reduction shall be so made as to affect the interest of all stockholders alike; provided, that nothing in this section shall be so construed as to permit the reduction of the capital stock of any company below the minimum amount prescribed by law.
--------
(RSMo 1939 § 5148)
Prior revisions: 1929 § 4675; 1919 § 9865; 1909 § 3064
---- end of effective 28 Aug 1939 ----
use this link to bookmark section 388.230
Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 388.230
What does Revised Statutes of Missouri § 388.230 cover?
Section 388.230 ("Capital stock may be reduced, when and how.") 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 § 388.230?
A common citation format is "Revised Statutes of Missouri § 388.230" (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 § 388.230 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.