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2013 Missouri Revised Statutes
TITLE XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 347 Limited Liability Companies--Merger and Consolidation of Business
Section 347.185 Member's interest not security.


MO Rev Stat § 347.185 (2013) What's This?

Member's interest not security.

347.185. It shall be rebuttably presumed that a member's interest in a limited liability company in which management is not vested in one or more managers is not a security for purposes of any and all laws of this state regulating the sale or exchange of securities.

(L. 1993 S.B. 66 & 20 § 359.830)

Effective 12-1-93

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