reglab/housing_qa huggingface dataset:
MO Rev Stat § 409.843 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.843 - Administrative procedure, notice of intent, summary order, notice, hearing.

Effective - 28 Aug 1985   409.843. Administrative procedure, notice of intent, summary order, notice, hearing. — 1. The commissioner shall commence an administrative proceeding under sections 409.800 to 409.863 by entering either a notice of intent to do a contemplated act or a summary order. The notice of intent or summary order may be entered without notice, without opportunity for hearing, and need not be supported by findings of fact or conclusions of law, but must be in writing. Upon entry of a notice of intent or summary order, the commissioner shall promptly notify all interested parties that the notice or summary order has been entered and the reasons therefor. If the proceeding is pursuant to a notice of intent, the commissioner shall inform all interested parties of the date, time, and place set for the hearing on the notice. If the proceeding is pursuant to a summary order, the commissioner shall inform all interested parties that they have thirty business days from the entry of the order to file a written request for a hearing on the matter with the commissioner and that the hearing will be scheduled to commence within thirty business days after the receipt of the written request.  2. If a proceeding is initiated under this section pursuant to a summary order, the commissioner, whether or not a written request for a hearing is received from any interested party, may set the matter down for hearing on the commissioner's own motion.  3. If no hearing is requested and none is ordered by the commissioner, a summary order issued under this section shall automatically become a final order after thirty business days.  4. If a hearing is requested or ordered under this section, the commissioner, after notice of, and opportunity for, hearing to all interested persons, may modify or vacate the order or extend it until final determination. No final order or order after hearing may be returned without:  (1) Appropriate notice to all interested persons;  (2) Opportunity for hearing by all interested persons; and  (3) Entry of written findings of fact and conclusions of law.  5. Every hearing in an administrative proceeding under sections 409.800 to 409.863 shall be public unless the commissioner grants a request joined in by all the respondents that the hearing be conducted privately. ­­-------- (L. 1985 H.B. 409 & 532 § 18)
MO Rev Stat § 409.846 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.846 - Judicial review of commissioner's orders — procedure — standard of review.

Effective - 28 Aug 1985   409.846. Judicial review of commissioner's orders — procedure — standard of review. — 1. Any person aggrieved by a final order of the commissioner may obtain judicial review of such order in the manner provided in chapter 536 for the review of contested cases.  2. Upon the filing of a petition for review, except where the taking of additional evidence is ordered by the court pursuant to subsection 3 or 4 of this section, the court shall have exclusive jurisdiction of the matter, and the commissioner may not modify or set aside the order, in whole or in part.  3. The filing of a petition for review under subsection 1 of this section, does not, unless specifically ordered by the court, operate as a stay of the commissioner's order, and the commissioner may enforce or ask the court to enforce the order pending the outcome of the review proceedings.  4. If either the aggrieved party or the commissioner applies to the court for leave to adduce additional evidence and shows to the satisfaction of the court that there were reasonable grounds for failure to adduce the evidence in the hearing before the commissioner or other good cause, the court may order the additional evidence to be taken by the commissioner under such conditions as the court considers proper.  5. If new evidence is ordered taken by the court, the commissioner may modify the findings and order by reason of the additional evidence and shall file in the court the additional evidence together with any modified or new findings or order.  6. The court shall review the petition based upon the original record before the commissioner as amended under subsections 3 and 4 of this section. The findings of the commissioner as to the facts, if supported by competent, material, and substantive evidence, are conclusive. Based upon this review, the court may affirm, modify, enforce, or set aside the order, in whole or in part. ­­-------- (L. 1985 H.B. 409 & 532 § 19)
MO Rev Stat § 409.848 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.848 - Exemptions — burden of proof.

Effective - 28 Aug 1985   409.848. Exemptions — burden of proof. — It shall not be necessary to negative any of the exemptions of sections 409.800 to 409.863 in any complaint, information or indictment, or any writ or proceeding brought under sections 409.800 to 409.863; and the burden of proof of any such exemption shall be upon the party claiming the same. ­­-------- (L. 1985 H.B. 409 & 532 § 20)
MO Rev Stat § 409.850 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.850 - Broker-dealers, sales representatives — applications for licenses — fees.

Effective - 28 Aug 1985   409.850. Broker-dealers, sales representatives — applications for licenses — fees. — 1. An applicant for licensing as a commodity broker-dealer or commodity sales representative shall file with the commissioner an application for licensing together with a consent to service of process pursuant to section 409.838. The application for licensing shall contain the information which the commissioner determines, by rule, is necessary or appropriate to facilitate the administration of sections 409.850 to 409.863.  2. Each applicant for licensing under sections 409.850 to 409.863 shall pay a fee as follows:  (1) For a license as a commodity broker-dealer, one hundred dollars, and for each branch office, fifty dollars; and  (2) For a license as a commodity sales representative, twenty-five dollars.  3. Except in any year in which a licensing fee is paid, an applicant shall pay an annual fee as follows:  (1) Each commodity broker-dealer, seventy-five dollars, and for each branch office in this state, thirty dollars; and  (2) Each commodity sales representative, fifteen dollars.  4. For purposes of this section, a "branch office" shall mean each office of a commodity broker-dealer in this state, other than the principal office in this state of the commodity broker-dealer, from which three or more commodity sales representatives transact business.  5. If an application is denied or withdrawn or the license is terminated by revocation, cancellation, or withdrawal, the commissioner shall retain the fee paid. ­­-------- (L. 1985 H.B. 409 & 532 § 21)
MO Rev Stat § 409.853 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.853 - Examinations.

Effective - 28 Aug 1985   409.853. Examinations. — 1. The commissioner may, by rule or order, impose an examination requirement upon:  (1) Any applicant applying for licensing under sections 409.850 to 409.863; or  (2) Any class of applicants.  2. Any examination required may be administered by the commissioner, or his designee. Examinations may be oral, written or both, and may differ for each class of applicants.  3. The commissioner may, by order, waive any examination requirement imposed pursuant to this section as to any applicant, if the commissioner determines that such examination is not necessary for the protection of investors. ­­-------- (L. 1985 H.B. 409 & 532 § 22)
MO Rev Stat § 409.856 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.856 - Licenses — effective date — expiration — classification, sales representatives — restrictions — exceptions.

Effective - 28 Aug 1985   409.856. Licenses — effective date — expiration — classification, sales representatives — restrictions — exceptions. — 1. Unless a proceeding under section 409.863 has been instituted, the license of any commodity broker-dealer or commodity sales representative becomes effective thirty days after an application for licensing and the last of any additional information requested by the commissioner, or his designee, has been filed, provided that all examination requirements imposed pursuant to section 409.853 have been satisfied. The commissioner may, by order, authorize an earlier effective date of licensing.  2. The license of a commodity broker-dealer or commodity sales representative shall expire on December thirty-first of the year for which issued, or at such other time as the commissioner may, by rule, prescribe.  3. The license of a commodity sales representative is only effective with respect to transactions effected as an employee or otherwise on behalf of the commodity broker-dealer or issuer for whom the commodity sales representative is licensed.  4. No person shall at any one time act as a commodity sales representative for more than one commodity broker-dealer or one issuer, except:  (1) Where the commodity broker-dealers for whom the commodity sales representative will act are affiliated by direct or indirect common control, a commodity sales representative may represent each of those organizations; or  (2) Where the commissioner, by rule or order, authorizes multiple licenses as consistent with the public interest and protection of investors.  5. When a commodity sales representative begins or terminates association with a commodity broker-dealer or issuer, or begins or terminates activities which make that person a commodity sales representative, the commodity sales representative and the former commodity broker-dealer on whose behalf the commodity sales representative was acting shall notify promptly the commissioner or his designee.  6. If the commissioner shall determine, by rule, that one or more classifications of licenses as a commodity broker-dealer or commodity sales representative which are subject to limitations and conditions on the nature of the activities which may be conducted by those persons are consistent with the public interest and the protection of investors, the commissioner may authorize the licensing of persons subject to specific limitations and conditions. ­­-------- (L. 1985 H.B. 409 & 532 § 23)
MO Rev Stat § 409.858 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.858 - Annual report, records — amendment, broker — dealers — capital requirements — fidelity bonds — financial reports.

Effective - 28 Aug 1985   409.858. Annual report, records — amendment, broker — dealers — capital requirements — fidelity bonds — financial reports. — 1. For so long as a commodity broker-dealer or commodity sales representative is licensed under sections 409.850 to 409.863, he shall file an annual report, together with the fee specified by rule of the commissioner promulgated under section 409.836, at a time and including that information which the commissioner determines, by rule or order, is necessary or appropriate.  2. The commissioner may, by rule, require a licensed commodity broker-dealer to maintain:  (1) Minimum net capital; and  (2) A prescribed ratio between net capital and aggregate indebtedness. The minimum net capital and net capital-to-aggregate-indebtedness ratio may vary with type or class of commodity broker-dealer.  3. If a licensed commodity broker-dealer believes, or has reasonable cause to believe, that any requirement imposed on it under subsection 2 of this section is not being met, it shall promptly notify the commissioner of its current financial condition.  4. The commissioner may, by rule, require the furnishing of fidelity bonds from commodity broker-dealers.  5. A licensed commodity broker-dealer shall file financial and other reports which the commissioner determines, by rule, are necessary or appropriate.  6. A licensed commodity broker-dealer or commodity sales representative shall make and maintain records as the commissioner determines, by rule, are necessary or appropriate. Required records may be maintained in computer or microform format or any other form of data storage provided that the records are readily accessible to the commissioner. Required records must be preserved for five years unless the commissioner, by rule, specifies either a longer or shorter period for a particular type or class of records.  7. If the information contained in any document filed with the commissioner, or his designee pursuant to this section, except for those documents which the commissioner, by rule or order, may exclude from this requirement, is or becomes inaccurate or incomplete in any material respect, the licensed person shall promptly file a correcting amendment, unless notification of the correction has been given under subsection 5 of section 409.856. ­­-------- (L. 1985 H.B. 409 & 532 § 24)
MO Rev Stat § 409.860 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.860 - Records — examination without notice — fees.

Effective - 28 Aug 1985   409.860. Records — examination without notice — fees. — 1. The commissioner, without prior notice, may examine the records and require copies of the records which a licensed commodity broker-dealer or commodity sales representative is required to make and maintain under section 409.858, within or without this state, in a manner which is reasonable under the circumstances. Commodity broker-dealers and commodity sales representatives shall make their records available to the commissioner in a readable form.  2. The commissioner may copy records or require a licensed person to copy records and provide the copies to the commissioner in a manner reasonable under the circumstances.  3. The commissioner may impose reasonable fees for conducting an examination pursuant to this section. ­­-------- (L. 1985 H.B. 409 & 532 § 25)
MO Rev Stat § 409.950 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.950 - Fiduciaries and employee retirement systems, investment in certain multinational development banks authorized.

Effective - 28 Aug 2007   409.950. Fiduciaries and employee retirement systems, investment in certain multinational development banks authorized. — Notwithstanding any other law to the contrary, securities or other obligations issued by multinational development banks in which the United States is a member nation, including the African Development Bank, shall be treated as eligible for investment by all employee retirement systems and by all fiduciaries created or regulated pursuant to the laws of this state. Nothing in this section or in section 379.080 shall be construed to require such investments. ­­-------- (L. 1985 H.B. 589 § 1, A.L. 2007 S.B. 66)
MO Rev Stat § 409.1000 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.1000 - Business opportunities — definitions.

Effective - 28 Aug 2000   409.1000. Business opportunities — definitions. — 1. For the purposes of sections 409.1000 to 409.1006, "business opportunity" means the sale or lease of any product, equipment, supplies or services which are sold or leased to a purchaser to enable the purchaser to start a business for which the purchaser is required to pay an initial fee or sum of money in excess of five hundred dollars to the seller, and in which the seller represents:  (1) That the seller or a person or entity affiliated with, or referred by, the seller will provide locations, or assist the purchaser in finding locations, for the use or operation of vending machines, racks, display cases or other similar devices or currency-operated amusement machines or devices on premises neither owned nor leased by the purchaser or the sellers;  (2) That the promoter or its affiliate or designee will refund all or a substantial part of the purchaser's initial payment if the purchaser is unsuccessful or dissatisfied with the business opportunity;  (3) That the seller guarantees in writing that the purchaser will derive income from the business opportunity which exceeds the price paid or rent charged for the business opportunity or that the seller will refund all or part of the price paid or rent charged for the business opportunity or will repurchase any of the products, equipment, supplies or chattels supplied by the seller, if the purchaser is not satisfied with the business opportunity; or  (4) That the business opportunity is free from risk or certain to produce profits, which representation may arise from all of the assurances taken as a whole.  2. For purposes of subsection 1 of this section the term "assist the purchaser in finding locations" includes, but is not limited to, supplying the purchaser with names of locator companies, contracting with the purchaser to provide assistance or supply names or collecting a fee on behalf of or for a locator company.  3. For purposes of sections 409.1000 to 409.1006, "business opportunity" does not include:  (1) The sale of ongoing businesses when the owner of those businesses sells and intends to sell only those business opportunities so long as those business opportunities to be sold are no more than five in number; or  (2) The not-for-profit sale of sales demonstration equipment, materials or samples for a price that does not exceed five hundred dollars or any sales training course offered by the seller, the cost of which does not exceed five hundred dollars.  4. For purposes of sections 409.1000 to 409.1006, "purchaser" shall include a lessee and "seller" shall include a lessor. ­­-------- (L. 2000 S.B. 896 § 407.2000)
MO Rev Stat § 409.1003 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.1003 - Practices prohibited — penalty.

Effective - 28 Aug 2000   409.1003. Practices prohibited — penalty. — 1. A business opportunity seller shall not:  (1) Misrepresent, by failure to disclose or otherwise, the known required total investment for such business opportunity;  (2) Misrepresent or fail to disclose efforts to sell or establish more franchises or distributorships than it is reasonable to expect the market or market area for the particular business opportunity to sustain;  (3) Misrepresent the quantity or the quality of the products to be sold or distributed through the business opportunity;  (4) Misrepresent the training and management assistance available to the business opportunity purchaser;  (5) Misrepresent the amount of profits, net or gross, which the franchisee can expect from the operation of the business opportunity;  (6) Misrepresent, by failure to disclose or otherwise, the termination, transfer or renewal provision of a business opportunity agreement;  (7) Falsely claim or imply that a primary marketer or trademark of products or services sponsors or participates directly or indirectly in the business opportunity;  (8) Assign a so-called exclusive territory encompassing the same area to more than one business opportunity purchaser;  (9) Provide machines or display of a brand or kind substantially different from and inferior to those promised by the business opportunity seller;  (10) Fail to provide the purchaser a written contract;  (11) Misrepresent the seller's ability or the ability of a person or entity providing services as defined in subdivision (1) of subsection 1 of section 409.1000 to provide locations or assist the purchaser in finding locations expected to have a positive impact on the success of the business opportunity;  (12) Misrepresent a material fact or create a false or misleading impression in the sale of a business opportunity.  2. Any person who violates the provisions of this section is guilty of a class A misdemeanor. ­­-------- (L. 2000 S.B. 896 § 407.2015)
MO Rev Stat § 409.1006 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.1006 - Civil remedies.

Effective - 28 Aug 2000   409.1006. Civil remedies. — 1. If a business opportunity seller uses untrue or misleading statements in the sale of a business opportunity, fails to give the proper disclosures, or fails to deliver the equipment, supplies or products necessary to begin substantial operation of the business within forty-five days of the delivery date stated in the business opportunity contract, the purchaser may, within one year of the date of the execution of the contract and upon written notice to the seller, rescind the contract and the purchaser shall be entitled to receive from the business opportunity seller all sums paid to the business seller. Upon receipt of such sums, the purchaser shall make available to the seller at the purchaser's address, or at the places at which the purchaser is located at the time notice is given, all products, equipment or supplies received by the purchaser. The purchaser shall not be entitled to unjust enrichment by exercising the remedies provided in this subsection.  2. Any purchaser injured by a violation of sections 409.1000 to 409.1006 or by the business opportunity seller's breach of a contract subject to sections 409.1000 to 409.1006 or any obligation arising therefrom, may bring an action for recovery of damages, including reasonable attorney's fees.  3. Upon complaint of any person that a business opportunity seller has violated the provisions of sections 409.1000 to 409.1006, the circuit court shall have jurisdiction to enjoin the defendant from any further violations.  4. The remedies provided in this section shall be in addition to any other remedies provided by law or in equity. ­­-------- (L. 2000 S.B. 896 § 407.2021)
MO Rev Stat § 409.1-101 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.1-101 - Short title.

Effective - 01 Sep 2003   409.1-101. Short title. — Sections 409.1-101 to 409.7-703 may be cited as the "Missouri Securities Act of 2003" and in this chapter as this act. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.1-103 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.1-103 - References to federal statutes.

Effective - 01 Sep 2003   409.1-103. References to federal statutes. —  "Securities Act of 1933" (15 U.S.C. Section 77a et seq.), "Securities Exchange Act of 1934" (15 U.S.C. Section 78a et seq.), "Public Utility Holding Company Act of 1935" (15 U.S.C. Section 79 et seq.), "Investment Company Act of 1940" (15 U.S.C. Section 80a-1 et seq.), "Investment Advisers Act of 1940" (15 U.S.C. Section 80b-1 et seq.), "Employee Retirement Income Security Act of 1974" (29 U.S.C. Section 1001 et seq.), "National Housing Act" (12 U.S.C. Section 1701 et seq.), "Commodity Exchange Act" (7 U.S.C. Section 1 et seq.), "Internal Revenue Code" (26 U.S.C. Section 1 et seq.), "Securities Investor Protection Act of 1970" (15 U.S.C. Section 78aaa et seq.), "Securities Litigation Uniform Standards Act of 1998" (112 Stat. 3227), "Small Business Investment Act of 1958" (15 U.S.C. Section 661 et seq.), and "Electronic Signatures in Global and National Commerce Act" (15 U.S.C. Section 7001 et seq.) mean those statutes and the rules and regulations adopted under those statutes, as in effect on the date of enactment of this act*. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03, see § 409.7-701   *"This act" (H.B. 380, 2003) was signed by the Governor on 5-08-03.