409.850. Broker-dealers, sales representatives--applications for licenses--fees. - Missouri Statutes

Broker-dealers, sales representatives--applications forlicenses--fees.

409.850. 1. An applicant for licensing as a commoditybroker-dealer or commodity sales representative shall file withthe commissioner an application for licensing together with aconsent to service of process pursuant to section 409.838. Theapplication for licensing shall contain the information which thecommissioner determines, by rule, is necessary or appropriate tofacilitate the administration of sections 409.850 to 409.863.

2. Each applicant for licensing under sections 409.850 to409.863 shall pay a fee as follows:

(1) For a license as a commodity broker-dealer, one hundreddollars, 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, anapplicant shall pay an annual fee as follows:

(1) Each commodity broker-dealer, seventy-five dollars, andfor 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" shallmean each office of a commodity broker-dealer in this state,other than the principal office in this state of the commoditybroker-dealer, from which three or more commodity salesrepresentatives transact business.

5. If an application is denied or withdrawn or the licenseis terminated by revocation, cancellation, or withdrawal, thecommissioner shall retain the fee paid.

(L. 1985 H.B. 409 & 532 § 21)