SCS/SB 105 - Adds a new section to Chapter 357, RSMo, relating to housing cooperatives. The new section allows 5 or more people to associate as a cooperative for the purpose of producing or furnishing housing. No shareholder of such a cooperative may own more than 20% of the aggregate stock and the cooperative would be exempted from the use of the funds restriction found in section 357.150, RSMo.

DENISE GARNIER