Missouri Revised Statutes Title XXIII. Corporations, Associations and Partnerships § 351.210. Paid-in surplus--its distribution and restrictions

1. Paid-in surplus, whether created by reduction of stated capital or otherwise, may be distributed in cash or in kind to the shareholders entitled thereto, subject to the following restrictions:

2. The corporation may by resolution of its board of directors apply any part or all of its paid-in surplus to the reduction or elimination of any deficit arising from operating or other losses, or from diminution in value of its assets.