Missouri Revised Statutes

Mo. Rev. Stat. § 351.305 (2026)

Preemptive right of shareholder to acquire additional shares, limited, how

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351.305. Preemptive right of shareholder to acquire additional shares, limited, how. — The preemptive right of a shareholder to acquire additional shares of a corporation may be limited or denied to the extent provided in the articles of incorporation.

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(L. 1943 p. 410 § 25)

Notes of Decisions

Cited in 2 cases, 1960–1966 · leading case: Johnson v. Duensing, 340 S.W.2d 758 (Mo. Ct. App. 1960).

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Johnson v. Duensing, 340 S.W.2d 758 (Mo. Ct. App. 1960). · cites it 3× “The purpose of the rule of a stockholder’s pre-emptive right is recognized by statute and by the courts of this state to be that such stockholder will be given the opportunity to maintain his fractional or proportionate interest in the assets of a corporation by exercising his…”

Saigh v. Busch, 403 S.W.2d 559 (Mo. 1966). “The pleas in bar of the action are so compelling that we cannot reach and effectively decide the validity and scope of § 351.305 which furnishes the legal basis for the adoption of the August 2, 1955, amendment limiting preemptive rights.”

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