Missouri § 393.942 - Voluntary dissolution before commencing operations.
Full text of Missouri Revised Statutes of Missouri § 393.942 — Voluntary dissolution before commencing operations., with citation guidance and answers to common questions.
§ 393.942. Voluntary dissolution before commencing operations.
1. A nonprofit water company which has not commenced business may dissolve voluntarily by delivering to the secretary of state articles of dissolution, executed and acknowledged in duplicate on behalf of the company by a majority of the incorporators, which shall state:
(1) The name of the nonprofit water company;
(2) The address of its principal office;
(3) The date of its incorporation;
(4) That the company has not commenced business;
(5) That the amount, if any, actually paid in on account of membership fees, less any part of such fees disbursed for necessary expenses, has been returned to those entitled to such fees and that all easements shall have been released to the grantors;
(6) That no debt of the company remains unpaid; and
(7) That a majority of the incorporators elect that the company be dissolved.
2. Such articles of dissolution shall be submitted to the secretary of state for filing.
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(L. 1999 H.B. 450 § 15 merged with S.B. 160 & 82 § 15)
---- end of effective 28 Aug 1999 ----
Frequently Asked Questions About Missouri § 393.942
What does Revised Statutes of Missouri § 393.942 cover?
Section 393.942 ("Voluntary dissolution before commencing operations.") 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 § 393.942?
A common citation format is "Revised Statutes of Missouri § 393.942" (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 § 393.942 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.