Missouri Revised Statutes













Chapter 409

Regulation of Securities

←409.810

Section 409.813.1

409.816→

August 28, 2015

Principals, agents, joint and several liability--when.

409.813. 1. The act, omission, or failure of any official, agent, or

other person acting for any individual, association, partnership,

corporation, or trust within the scope of his employment or office shall be

deemed the act, omission, or failure of such individual, association,

partnership, corporation, or trust, as well as of such official, agent, or

other person.



2. Every person who directly or indirectly controls another person

liable under any provision of sections 409.800 to 409.863, every partner,

officer, or director of such other person, every person occupying a similar

status or performing similar functions, and every employee of such other

person who materially aids in the violation is also liable jointly and

severally with and to the same extent as such other person, unless the person

who is also liable by virtue of this subsection sustains the burden of proof

that he did not know and, in exercise of reasonable care, could not have known

of the existence of the facts by reason of which the liability is alleged to

exist.



(L. 1985 H.B. 409 & 532 § 6)







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