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Mo. Rev. Stat. § 407.410

Double damages, when — limitation on actions — cancellation of franchise..

Known as the Credit User Protection Law

The act spans §§ 407–407 (316 sections).

Applied in 1 court decision — leading case 31 F. Supp. 2d 692 - Saey v. Xerox Corp. (1998)

Most recently applied in 31 F. Supp. 2d 692 - Saey v. Xerox Corp. (December 1998)

Effective: 28 Aug 1975, 2 histories; (L. 1974 H.B. 1132 § 3, A.L. 1975 H.B. 810 § 3)

1. Any contract made in violation of section 407.405 is void and any person who, directly or through the use of agents or intermediaries, induces or causes another person to participate in a pyramid sales scheme will be liable to that person in civil damages in an amount equal to the sum of twice the amount of consideration paid, and in the case of any successful action to enforce such liability, the costs of the action together with a reasonable attorney's fee, as determined by the court. An action under this section may be brought in the circuit court having venue within five years from the date on which the consideration was paid.

2. A franchisee suffering damage as a result of the failure to give notice as required of the cancellation or termination of a franchise, may institute legal proceedings under the provisions of sections 407.400 to 407.420 against the franchisor who cancelled or terminated his franchise in the circuit court for the circuit in which the franchisor or his agent resides or can be located. When the franchisee prevails in any such action in the circuit court, he may be awarded a recovery of damages sustained to include loss of goodwill, costs of the suit, and any equitable relief that the court deems proper.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.