356.131. Securities law not applicable, exception. - Missouri Statutes

Securities law not applicable, exception.

356.131. The Missouri uniform securities law, chapter 409,RSMo, shall not be applicable to nor govern any transactionrelating to any securities of a professional corporation or aforeign professional corporation; except that, the antifraudprovisions of section 409.101, RSMo, or any successor law tosection 409.101, RSMo, and the procedural, enforcement, remedyand penalty provisions of chapter 409, RSMo, relating thereto,shall be fully applicable to the transfer of securities issued bya professional corporation or a foreign professional corporationif such provisions would otherwise be applicable to suchtransfers.

(L. 1986 H.B. 1230)