Effective - 28 Aug 1995
417.415. Bond required for invention developer, when, amount — copy to be filed with department of economic development — cash deposit accepted instead of bond. — 1. Every invention developer rendering or offering to render invention development services in this state, who has had, or is affiliated with another who has had, a decree or judgment entered against him by a court or agency of a state of the United States, or a court or agency of the United States, resulting from or based on allegations of misrepresentation, deception, mishandling of customers' funds, unfair trade practices, fraud or concealment or omission of facts from others, shall maintain a bond issued by a surety company admitted to do business in this state. The principal sum of the bond shall be twenty-five thousand dollars. The bond shall be payable to the state of Missouri as trustees for the customers of the invention developer and shall be conditioned upon compliance by the invention developer with sections 417.400 to 417.436. A copy of such bond shall be filed with the director of the department of economic development prior to the time the invention developer first commences business in this state. The invention developer shall have ninety days after the end of each fiscal year within which to change the bond as may be necessary to comply with the requirements of this section.
2. Instead of furnishing the bond required by subsection 1 of this section, the invention developer may deposit with the director of the department of economic development a cash deposit in the like amount. This cash deposit may be satisfied by any of the following:
(1) Certificates of deposit payable to the director of the department of economic development issued by banks doing business in this state and insured by the Federal Deposit Insurance Corporation;
(2) Investment certificates of share accounts assigned to the director of the department of economic development and issued by a savings and loan association doing business in this state and insured by the Federal Deposit Insurance Corporation;
(3) Bearer bonds issued by the United States government or by this state; or
(4) Cash deposited with the director of the department of economic development.
--------
(L. 1995 S.B. 80 & 88)
Structure Missouri Revised Statutes
Title XXVI - Trade and Commerce
Chapter 417 - Trademarks, Names and Private Emblems
Section 417.005 - Definitions.
Section 417.011 - Prohibited marks.
Section 417.018 - Additional fee — expiration date.
Section 417.026 - Term of registration — notice of expiration, when required.
Section 417.031 - Assignment of mark, procedure.
Section 417.036 - Registry of marks open to public.
Section 417.041 - Cancellation of marks, when.
Section 417.051 - Fraudulent filing or registration — civil damages to injured party.
Section 417.056 - Prohibited acts — civil action for damages, when.
Section 417.100 - Facsimile of brands to be recorded.
Section 417.130 - Recorder's certificate, evidence.
Section 417.150 - Misuse of names of certain societies prohibited.
Section 417.160 - Use of emblems regulated.
Section 417.170 - Adoption of name and emblem — registration form, fee.
Section 417.175 - Registration of emblem effective for five years, renewal procedure, fee.
Section 417.180 - Penalty for violation.
Section 417.190 - Penalty for improper use of emblem of automobile club.
Section 417.200 - Fictitious names to be registered.
Section 417.217 - Foreign businesses, registration, when — exemption from, when.
Section 417.220 - Registration fee.
Section 417.230 - Penalty for failure to register.
Section 417.240 - Owner of farm may register name of same.
Section 417.250 - Description of mark, where filed — notice of use.
Section 417.260 - Duties of recorder and secretary of state — fees.
Section 417.270 - Penalty for violation.
Section 417.280 - What constitutes evidence.
Section 417.290 - Acceptance of deposit does not constitute a sale.
Section 417.310 - Receptacles — unlawful use.
Section 417.320 - Receptacles — unlawful possession.
Section 417.330 - Search warrants — prosecution.
Section 417.350 - Terms construed.
Section 417.360 - "Sale" construed.
Section 417.400 - Definitions.
Section 417.406 - Contract for invention development services, form, content.
Section 417.412 - Termination of contract, procedure — service on contract not required, when.
Section 417.430 - Assignee of invention developer subject to all claims and defenses of customer.
Section 417.433 - Report in writing to be delivered quarterly to customer — content.
Section 417.436 - Invention developer law not exclusive subject to applicable laws.
Section 417.450 - Law how cited.
Section 417.453 - Definitions.
Section 417.457 - Damages for misappropriation — punitive damages awarded, when.
Section 417.459 - Court's duty in misappropriation, action to preserve secrecy of trade secret.
Section 417.465 - Purpose of the uniform law.
Section 417.467 - Effect of existing misappropriation prior to August 28, 1995.