Missouri § 67.1266 - Association may begin business, when — no liability for members of association — renewal license fee, annual report and amendments to articles and bylaws filed when.
Full text of Missouri Revised Statutes of Missouri § 67.1266 — Association may begin business, when — no liability for members of association — renewal license fee, annual report and amendments to articles and bylaws filed when., with citation guidance and answers to common questions.
§ 67.1266. Association may begin business, when — no liability for members of association — renewal license fee, annual report and amendments to articles and bylaws filed when.
1. An association which is licensed may, on the seventh day thereafter, commence to do business. The association shall be a body corporate and shall do business as a corporation.
2. No member of the association shall be liable for any amounts because of its membership in the association other than for assessments as provided in the articles and bylaws of the association.
3. The business of the association shall be conducted so as to preclude any distribution of income, profit or property of the association to the individual members thereof except in payment of claims or indemnities or upon the final dissolution of the association.
4. Annually thereafter, within thirty days before the expiration of its license, each association shall pay a renewal license fee of one hundred dollars and shall file a statement with the director of the department of commerce and insurance giving a report of its activities for the preceding year.
5. Any existing association shall also, at the time it files for renewal of its license, file any amendments to its articles of association or bylaws which have been adopted in the preceding year.
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(L. 1998 S.B. 676 § 67.166)
---- end of effective 28 Aug 1998 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 67.1266
What does Revised Statutes of Missouri § 67.1266 cover?
Section 67.1266 ("Association may begin business, when — no liability for members of association — renewal license fee, annual report and amendments to articles and bylaws filed 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 § 67.1266?
A common citation format is "Revised Statutes of Missouri § 67.1266" (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 § 67.1266 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.