Mo. Code Regs. tit. 15 § 30-54.120

Current through Register Vol. 49, No. 21, November 1, 2024.

Section 15 CSR 30-54.120 - Mortgage-Note Exemption

PURPOSE: This rule prescribes policies on the availability of the exemption of evidence of indebtedness and the related security documents offered or sold as a unit.

(1) The exemption specified in section 409.2-202(11) of the Missouri Securities Act of 2003 shall not be considered to extend to any transaction in a security in the nature of an investment contract or profit-sharing agreement.

15 CSR 30-54.120

AUTHORITY: sections 409.2-202(11) and 409.6-605, RSMo Supp. 2003.* Original rule filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed March 21, 1974, effective April 1, 1974. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Emergency amendment filed Aug. 19, 2003, effective Sept. 12, 2003, expired March 9, 2004. Amended: Filed Aug. 27, 2003, effective Feb. 29, 2004.

*Original authority: 409.2-202, RSMo 2003; 409.6-605, RSMo 2003.