Section 347.185 Member's interest not security.

MO Rev Stat § 347.185 (2019) (N/A)
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Effective 01 Dec 1993, see footnote

347.185. Member's interest not security. — 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.

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(L. 1993 S.B. 66 & 20 § 359.830)

Effective 12-01-93