Mo. Rev. Stat. § 347.185
Current with changes from the 2023 Legislative Session
It shall be rebuttably presumed that a member's interest in a limited liability company in which management is not vested in one or more managers is not a security for purposes of any and all laws of this state regulating the sale or exchange of securities.
§ 347.185, RSMo
Effective 12/1/1993