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Missouri Revised Statutes Title XXIII. Corporations, Associations and Partnerships § 356.231. Certificates of authority, required, exceptions--foreign corporations may be granted certificates of authority, requirements

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1.?No foreign professional corporation shall have the right to transact business of providing professional services in this state until it shall have procured a certificate of authority to do so from the secretary of state. ?However, no such corporation shall be required to obtain a certificate of authority to transact business in this state solely because it conducts any of the following activities in this state:

(1)?Maintaining or defending any action or suit or any administrative or arbitration proceeding directly involving the corporation, or effecting the settlement thereof or the settlement of claims or disputes;

(2)?Holding meetings of its directors or shareholders or carrying on other activities concerning its internal affairs;

(3)?Maintaining bank accounts;

(4)?Borrowing money or creating evidences of debt, mortgage or lien on or other security interest in real or personal property;

(5)?Securing or collecting debts or enforcing any rights in property securing the same;

(6)?Conducting an isolated transaction that is not repeated on any type of recurring or regular basis.

2.?A foreign professional corporation shall be entitled to procure from the secretary of state a certificate of authority to transact business in this state only if:

(1)?The name of the corporation meets the requirements of sections 356.011 to 356.261;

(2)?The corporation is organized only for purposes for which a professional corporation organized under sections 356.011 to 356.261 may be organized; ?and

(3)?All the shareholders, at least a majority of the directors and all the officers other than the secretary and treasurer of the corporation are qualified persons with respect to the corporation.

Cite this article: FindLaw.com - Missouri Revised Statutes Title XXIII. Corporations, Associations and Partnerships § 356.231. Certificates of authority, required, exceptions--foreign corporations may be granted certificates of authority, requirements - last updated January 01, 2018 | https://codes.findlaw.com/mo/title-xxiii-corporations-associations-and-partnerships/mo-rev-st-356-231/


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