Missouri Laws 105.687 – Definitions
As used in sections 105.687 to 105.689, the following terms mean:
(1) “Equity interests”, limited partnership interests and other interests in which the liability of the investor is limited to the amount of the investment, but does not include general partnership interests or other interests involving general liability of the investor;
Terms Used In Missouri Laws 105.687
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
(2) “Invest” or “investment”, utilization of money in the expectation of future returns in the form of income or capital gain;
(3) “Investment fiduciary”, a person who either exercises any discretionary authority or control in the investment of a public employee retirement system’s assets or who renders for a fee advice for a public employment retirement system;
(4) “Small business”, an independently owned and operated business as defined in Title 15 U.S.C. § 632A and as described by Title 13 C.F.R. part 121*;
(5) “Small business investment company”, an incorporated body or a limited partnership under Section 301 of Title III of the Small Business Investment Act of 1958, 15 U.S.C. § 681;
(6) “System”, a public employee retirement system established by the state or any political subdivision of the state;
(7) “Venture capital firm”, a corporation, partnership, proprietorship, or other entity, the principal businesses of which is the making of investments in small businesses, either directly or indirectly by investing in entities the principal business of which is the making of investments in small businesses.