Missouri § 276.050 - Agreement limiting distribution of profits by members prohibited.
Full text of Missouri Revised Statutes of Missouri § 276.050 — Agreement limiting distribution of profits by members prohibited., with citation guidance and answers to common questions.
§ 276.050. Agreement limiting distribution of profits by members prohibited.
It is hereby declared unlawful for any two or more members of any association or organization organized or maintained by persons, firms or corporations buying, selling or exchanging cattle, hogs or sheep at such public market, to enter into any arrangement, understanding or agreement which shall limit, or have the effect of limiting, any member in the exercise of the right to distribute, in such manner and at such times as the member may desire, to the persons composing any partnership in which the member is financially interested or to the shareholders of any corporation or cooperative association in which such member is a shareholder, the profits of such member to the persons composing such partnership or to the shareholders of such corporation or cooperative association, in proportion to the quantity of cattle, hogs or sheep shipped to or from such member by the persons composing such partnership or the shareholders of such corporation or cooperative association, or which arrangement, understanding or agreement shall discriminate or have the effect of discriminating or which shall cause discrimination or tend to cause discrimination against such member because such member does so distribute the profits of such member; and the fact that any arrangement, understanding or agreement is made between two or more members of such association or organization which does or tends to discriminate against or which causes or tends to cause discrimination against any member who does so distribute the member's profits shall be prima facie evidence that such arrangement, understanding or agreement was made for the purpose of discriminating or causing discrimination against such member because such member does so distribute the profits of said member.
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(RSMo 1939 § 14387)
Prior revision: 1929 § 12729
---- end of effective 28 Aug 1939 ----
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Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 276.050
What does Revised Statutes of Missouri § 276.050 cover?
Section 276.050 ("Agreement limiting distribution of profits by members prohibited.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 276.050?
A common citation format is "Revised Statutes of Missouri § 276.050" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 276.050 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.