409.853. Examinations. - Missouri Statutes

Examinations.

409.853. 1. The commissioner may, by rule or order, imposean examination requirement upon:

(1) Any applicant applying for licensing under sections409.850 to 409.863; or

(2) Any class of applicants.

2. Any examination required may be administered by thecommissioner, or his designee. Examinations may be oral, writtenor both, and may differ for each class of applicants.

3. The commissioner may, by order, waive any examinationrequirement imposed pursuant to this section as to any applicant,if the commissioner determines that such examination is notnecessary for the protection of investors.

(L. 1985 H.B. 409 & 532 § 22)