Chapter 7 Business Organizations, Public Utilities

• Library: Time Limitations 2010

I. Corporations, Associations, and Partnerships (Sections 347.025 - 360.140)

II. Business and Financial Institutions (Sections 361.094 - 385.427)

III. Incorporation and Regulation of Public Utilities (Sections 386.060 - 394.312)

+-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Statuteor Rule | Action, Event,or Proceeding | TimeLimit | ComputedFrom |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | I. Corporations, Associations, and Partnerships (Sections 347.025 - 360.140) |
                +-----------------------------------------------------------------------------------------------------------------------+
                | Limited Liability Companies |
                +-----------------------------------------------------------------------------------------------------------------------+
                | 347.025 .2 | Name reserved for exclusive us-| 60 days after | Date application is filed |
                | | e of applicant | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Comment: Maximum of 180 days after first name reservation application is filed. |
                +-----------------------------------------------------------------------------------------------------------------------+
                | 347.030 .6 | Registration of agent of LLC b-| 30 days after | Receipt by secretary of appoin- |
                | | ecomes effective | | tment of new registered agent |
                | | | | (whichever occurs earlier) |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.037 .2 | Limited liability company form-| Within 90 days after | Filing date |
                | | ation date in articles of orga-| | |
                | | nization to be | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.041 .1 | Articles of amendment filed st-| More than 90 days after | Filing date |
                | | ating specified date to become | | |
                | | effective after filing date m-| | |
                | | ay not have effective date | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.041 .2 | Limited liability company's ar-| Within 60 days after | Occurrence of listed events |
                | | ticles of organization amended | | |
                | | promptly, but | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.091 .3 | Upon request, list kept under | Within 20 days after | Receiving written demand |
                | | subsection 1(1) of this sectio-| | |
                | | n delivered to secretary | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.103 .2 | Withdrawn member entitled to r-| Within 180 days after | Event of withdrawal |
                | | eceive interest in company upo-| | |
                | | n demand | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Comment: If no timely demand, company may purchase withdrawn member's interest upon 3 |
                | 0 days' written notice. |
                +-----------------------------------------------------------------------------------------------------------------------+
                | 347.109 .4 | Persons authorized to make dis-| 3 years after | Date of distribution |
                | | tributions liable for wrongful | | |
                | | distributions for | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.121 | Member may withdraw as stated | 90 days after | Written notice |
                | | in agreement or | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Comment: But, if withdrawal violates written provision in operating agreement, compan- |
                | y may recover damages from withdrawing member. |
                +-----------------------------------------------------------------------------------------------------------------------+
                | 347.123 | Person ceases to be member of | 120 days after or 90 days afte-| Commencement of any proceeding |
                | | company | r or | against member Appointment wi- |
                | | | | thout member's consent or acqu- |
                | | | | iescence of a trustee, receive- |
                | | | | r, or liquidator of member or |
                | | | | member's property |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Comment: If the appointment is not vacated or stayed. |
                +-----------------------------------------------------------------------------------------------------------------------+
                | | | 90 days after | Expiration of such stay |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Comment: If the appointment is not vacated. |
                +-----------------------------------------------------------------------------------------------------------------------+
                | 347.129 .1(2) | Effective date of merger or co-| May not exceed 90 days after | Filing of notice |
                | | nsolidation | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.129 .4 | Effective date of merger or co-| Effective date in company's st-| |
                | | nsolidation when new company i-| ate of domicile | |
                | | s foreign limited liability co-| | |
                | | mpany | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.131 | When new company is domestic, | Date secretary files or Date i-| Notice of merger or consolidat- |
                | | merger or consolidation effect-| n notice not to exceed 90 days | ion Notice of merger or consol- |
                | | ive as of the later of | after | idation |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.137 .1 | LLC dissolved upon occurrence | Within 90 days after | Withdrawal of member |
                | | of specified events | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Comment: Unless at least one remaining member of company and business is continued un- |
                | der right to continue in articles of organization and in operating agreement, or by agreement or con- |
                | sent of all remaining members. |
                +-----------------------------------------------------------------------------------------------------------------------+
                | 347.141 .2 | Rejected claim against dissolv-| Within 120 days from | Effective date of rejection no- |
                | | ed LLC barred if proceeding to | | tice |
                | | enforce claim not commenced | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.141 .4 | Specified claimants of dissolv-| Within 3 years after | Date notice of winding up is f- |
                | | ed LLC barred from enforcing c-| | iled or published, whichever o- |
                | | laim unless proceeding commenc-| | ccurs later |
                | | ed | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.145 .2 | Notice of action for involunta-| Within 10 days after | First publication |
                | | ry dissolution of LLC brought | | |
                | | by Attorney General mailed to | | |
                | | registered agent | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.145 .3 | No default for involuntary dis-| Before 30 days after | First publication of notice |
                | | solution taken against company | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | Comment: Unless company has been served with summons. |
                +-----------------------------------------------------------------------------------------------------------------------+
                | 347.153 (8) | Date of foreign LLC's certific-| Within 60 days of | Filing of registration in Miss- |
                | | ate of good standing from domi-| | ouri |
                | | cile's secretary of state | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.160 .2 | Date of foreign LLC's certific-| Within 60 days of | Filing for amended certificate |
                | | ate of existence from domicile-| | of registration |
                | | 's secretary of state | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.183 (2) | Secretary is to notify LLC in | 30 days before | Cancellation takes effect |
                | | writing of cancellation of art-| | |
                | | icles of organization or other | | |
                | | required filing for failure t-| | |
                | | o comply with law | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.183 (2) | LLC may appeal notice of propo-| Within 30 days after | Notice of such cancellation |
                | | sed cancellation to circuit co-| | |
                | | urt | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.183 (5) | Secretary is to notify LLC in | 30 days before | Cancellation takes effect |
                | | writing of cancellation of art-| | |
                | | icles of organization because | | |
                | | stated duration period is expi-| | |
                | | ring | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.183 (5) | LLC may file amendment to arti-| Within 60 days after | Service of notice |
                | | cles extending duration period | | |
                +-------------------+--------------------------------+--------------------------------+---------------------------------+
                | 347.725 .1 | Effective date of merger

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