Missouri § 347.185 - Member's interest not security.
Full text of Missouri Revised Statutes of Missouri § 347.185 — Member's interest not security., with citation guidance and answers to common questions.
§ 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
---- end of effective 01 Dec 1993 ----
Frequently Asked Questions About Missouri § 347.185
What does Revised Statutes of Missouri § 347.185 cover?
Section 347.185 ("Member's interest not security.") 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 § 347.185?
A common citation format is "Revised Statutes of Missouri § 347.185" (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 § 347.185 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.