No person shall, directly or through the use of agents or intermediaries, in connection with the sale or distribution of goods, service, or other property, sell, offer or attempt to sell a participation or the right to participate in a pyramid sales scheme. No person who has granted a franchise to another person shall cancel or otherwise terminate any such franchise agreement without notifying such person of the cancellation, termination or failure to renew in writing at least ninety days in advance of the cancellation, termination or failure to renew, except that when criminal misconduct, fraud, abandonment, bankruptcy or insolvency of the franchisee, or the giving of a no account or insufficient funds check is the basis or grounds for cancellation or termination, the ninety days' notice shall not be required.
Mo. Rev. Stat. § 407.405
Pyramid sales schemes prohibited — cancellation of franchise without notice..
Known as the Credit User Protection Law
The act spans §§ 407–407 (316 sections).
Applied in 8 court decisions — leading case Cole v. Homier Distributing Co. (2010)
Most recently applied in Missouri Beverage Co. v. Shelton Bros. (February 2012)
Effective: 28 Aug 1975; (L. 1974 H.B. 1132 § 2, A.L. 1975 H.B. 810 § 2)
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.