Section 4 Missouri Control Share Acquisition Statute
| Library | Bus Trans 2005 |
Section 351.407, RSMo 2000, places certain restrictions on the voting rights of a person owning or controlling voting power with respect to issued and outstanding control shares of an “issuing public corporation,” as defined in § 351.015(10), RSMo 2000, and requires that certain procedures be followed in the acquisition of control shares. “Control shares” are shares that, when added to the shares that a person owns or for which a person directs the exercise of voting power, would entitle or allow that...
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