HB 1569 - This act modifies various sections of Chapter 351, RSMo, relating to corporate shareholders and operations:

351.165- shareholders may not make payment for original issues of shares by note or obligation to the corporation;

351.180- a resolution to amend the rights of a class of shares can be adopted without a vote of the shareholders if the amendment does not adversely affect those holders;

351.230- electronic notice of a shareholders' meeting is adequate notice if it otherwise complies with this section;

351.245- by telephone, a shareholder may authorize another person to act as his or her proxy;

351.327- a corporation's Board of Directors may set its own compensation without creating a conflict of interest; and

351.596- a foreign corporation wishing to withdraw from transacting business within Missouri, must provide the Secretary of State with a current mailing address for two years after withdrawal.
OTTO FAJEN

SCA 1 - TECHNICAL CHANGES; CLARIFIES INTENT OF CONFLICT OF INTEREST SECTION.