Section 5 Missouri Business Combinations Statute

• Library: Bus Trans 2005

Section 351.459, RSMo 2000, the business combinations statute, makes business combinations, including mergers, sales of assets, and sales of stock involving “resident domestic corporations” and interested shareholders, subject to certain requirements and conditions. Section 351.459.1(13) defines a “resident domestic corporation” as a corporation incorporated under the laws of the state of Missouri that has:

(a) One hundred or more shareholders;

(b) Its...