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MO HB258

Bill

Status

Introduced

1/19/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Prohibits brewers, manufacturers of beer, and their officers, directors, agents, employees, and affiliates from holding any interest in beer wholesaler licenses, businesses, assets, or corporate stock

  • Allows security interests in products sold to wholesalers until the full purchase price is paid under the Uniform Commercial Code

  • Permits brewers to acquire wholesaler ownership or interests through court judgments against defaulting wholesalers or written requests from the wholesaler

  • Limits brewer ownership under these exceptions to 90 days maximum and only for purposes of facilitating an orderly transfer to a non-affiliated owner

Legislative Description

Prohibits beer brewers or manufacturers from having any interest in the license, business, assets, or corporate stock of a liquor wholesaler with certain exceptions

Last Action

Public Hearing Completed (H)

3/3/2011

Committee Referrals

General Laws2/2/2011

Full Bill Text

No bill text available