Public-domain · open source
OpenJurist

Mo. Rev. Stat. § 407.911

Definitions

Known as the Credit User Protection Law

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

Applied in 2 court decisions — leading case RMC & ASSOCIATES, INC. v. Beasley (2006)

Most recently applied in RMC & ASSOCIATES, INC. v. Beasley (August 2006)

Effective: 28 Aug 2005; (L. 1989 S.B. 192 § 1 subsec. 1, A.L. 2005 S.B. 211)

As used in sections 407.911 to 407.915, the following terms mean:

(1) "Commission", compensation accruing to a sales representative for payment by a principal, the rate of which is expressed as a percentage of the dollar amount of orders or sales, or as a specified amount per order or per sale;

(2) "Principal", a person, firm, corporation, partnership or other business entity, whether or not it has a permanent or fixed place of business in this state, and who:

(a) Manufactures, produces, imports, provides, or distributes a product or service for sale;

(b) Contracts with a sales representative to solicit orders for the product or service; and

(c) Compensates the sales representative, in whole or in part, by commission;

(3) "Sales representative", a person, firm, corporation, partnership, or other business entity who contracts with a principal to solicit orders and who is compensated, in whole or in part, by commission, but shall not include a person, firm, corporation, partnership, or other business entity who places orders or purchases for its own account for resale.

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