{"data":{"id":"us-mo/mo.-rev.-stat.-347.185","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 347.185","heading":"Member's interest not security.","body":"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.","path":["Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS","Chapter 347 - Limited Liability Companies — Merger and Consolidation of Business Organizations"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=347.185","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:27Z","sha256":"a3313cc8ee8d322ccccb6a7c715ef028f9c1e8c9aed8080e68ed57c2886cbbcc","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-347.183","next":"us-mo/mo.-rev.-stat.-347.186"},"notice":"GroundRules: Original legal text. Not legal advice."}