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MO HB397

Bill

Official Source

Status

Introduced

2/2/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals and replaces section 407.913 of Missouri Revised Statutes regarding sales commission payments
  • Requires principals to pay sales representatives their earned commissions timely, with liability for unpaid amounts in civil actions
  • Adds a penalty equal to the lesser of two times the unpaid commissions or $50,000 for failure to timely pay
  • Allows courts to award reasonable attorney's fees and costs to the prevailing party in such disputes
  • Applies the changes retroactively to past commission disputes

Legislative Description

Changes the laws regarding failure to timely pay a sales representative his or her earned sales commissions

Last Action

Public Hearing Scheduled, Bill not Heard (H)

3/7/2011

Committee Referrals

Workforce Development And Workplace Safety2/24/2011

Full Bill Text

No bill text available