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MO HB258
Bill
Status
1/19/2011
Primary Sponsor
Michael Corcoran
Click for details
AI Summary
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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
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Allows security interests in products sold to wholesalers until the full purchase price is paid under the Uniform Commercial Code
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Permits brewers to acquire wholesaler ownership or interests through court judgments against defaulting wholesalers or written requests from the wholesaler
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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