Missouri Laws 347.185 – Member’s interest not security
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Terms Used In Missouri Laws 347.185
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
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.