Missouri § 392.320 - Certificate of commission to be recorded — stock dividends, permitted when.
Full text of Missouri Revised Statutes of Missouri § 392.320 — Certificate of commission to be recorded — stock dividends, permitted when., with citation guidance and answers to common questions.
§ 392.320. Certificate of commission to be recorded — stock dividends, permitted when.
1. No telecommunications company governed by the provisions of this chapter shall issue any stocks, bonds, notes or other evidence of indebtedness, for money, property or services, either directly or indirectly, nor shall it receive any money, property or services in payment of the same, either directly or indirectly, until there shall have been recorded upon the books of such corporation or person the certificate of the commission herein provided for.
2. No telecommunications company governed by the provisions of this chapter shall declare any stock, bond or scrip dividend or divide the proceeds of the same of any stock, bond or scrip among its stockholders unless authorized by the commission so to do.
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(RSMo 1939 § 5677, A.L. 1987 H.B. 360)
Prior revisions: 1929 § 5221; 1919 § 10509
---- end of effective 28 Aug 1987 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 392.320
What does Revised Statutes of Missouri § 392.320 cover?
Section 392.320 ("Certificate of commission to be recorded — stock dividends, permitted when.") 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 § 392.320?
A common citation format is "Revised Statutes of Missouri § 392.320" (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 § 392.320 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.