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MO HB3336
Bill
Status
2/18/2026
Primary Sponsor
Steve Butz
Click for details
AI Summary
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Adds section 362.1125 to Missouri law establishing a framework for signature guarantees on securities transfers, recognizing programs like STAMP, SEMP, and NYSE Medallion Signature Program under 17 CFR 240.17Ad-15
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Defines eligible guarantor institutions as banks, brokers/dealers, credit unions, national securities exchanges, registered securities associations, clearing agencies, and savings and loan holding companies
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Transfer verification guarantees from eligible institutions constitute binding guarantees to issuers and transfer agents, who are not required to independently verify identity or authority when accepting such guarantees
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Provides liability protection for issuers and transfer agents who accept transfer verification guarantees in good faith and compliance with the law
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Requires eligible guarantor institutions participating in signature guarantee programs to offer medallion signature guarantee validation services, with the Director of the Division of Finance authorized to promulgate rules (effective after August 28, 2026)
Legislative Description
Allows a financial institution that participates in the signature guarantee program to validate a medallion stamp signature
Last Action
Read Second Time (H)
2/19/2026