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Section 354.320 Corporate funds and securities use for private gain by officers and employees prohibited, penalty.

MO Rev Stat § 354.320 (2019) (N/A)
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Effective 01 Jan 2017, see footnote

354.320. Corporate funds and securities use for private gain by officers and employees prohibited, penalty. — No officer, enrollment representative or employee of any corporation subject to the provisions of sections 354.010 to 354.380, formed under the laws of this state, or doing business herein, shall, directly or indirectly, use or employ, or permit others to use or employ, any of the money, funds or securities of such corporation for private profit or gain, except for reasonable compensation for services performed and reimbursement for expenses incurred, and any such use shall, upon conviction thereof, be a class E felony.

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(L. 1983 H.B. 127, A.L. 2014 S.B. 491)

Effective 1-01-17

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