379.540. Articles to be acknowledged and declaration of proceeding to be made.
Articles to be acknowledged and declaration of proceeding to be made.
379.540. 1. If the assent is obtained as provided in section 379.535,the directors of the company, or a majority of them, or any five stockholders,may sign and acknowledge the articles of association adopted in the samemanner provided for the acknowledgment of deeds, and the president andsecretary of the meeting shall draw up a declaration in the form of anaffidavit verified by them, which shall set forth the proceedings of themeeting, the propositions acted upon, the number of votes cast upon eachproposition submitted, the number of votes cast in favor of and the number ofvotes cast against the same, and, if it be a stock company, the amount ofstock held respectively by those voting in favor of and against the same, andif the company be a stock company the amount of stock held by persons notvoting, or if a mutual company the number of policyholders not voting, or if astock and mutual company the amount of stock held by persons not voting andthe number of policyholders in the mutual department not voting upon suchpropositions; to which declaration shall be attached the articles ofassociation as adopted by the meeting and acknowledged as aforesaid.
2. Said declaration and articles of association shall thereupon bedelivered to the board of directors and shall be by them submitted to andfiled with the director of the department of insurance, financial institutionsand professional registration of this state.
(RSMo 1939 § 5995)Prior revisions: 1929 § 5884; 1919 § 6294