Bill Text: MS SB2590 | 2014 | Regular Session | Introduced

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Bill Title: Beer and light wine; prohibit retailers of from having certain interests in the business of wholesalers, distributors and manufacturers of.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2014-02-13 - Died On Calendar [SB2590 Detail]

Download: Mississippi-2014-SB2590-Introduced.html

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MISSISSIPPI LEGISLATURE

2014 Regular Session

To: Tourism

By: Senator(s) Chassaniol

Senate Bill 2590

AN ACT TO CREATE NEW SECTION 67-3-44, MISSISSIPPI CODE OF 1972, TO PROHIBIT PERSONS ENGAGED IN THE BUSINESS OF SELLING BEER OR LIGHT WINE AT RETAIL AND CERTAIN PERSONS AFFILIATED WITH SUCH A BUSINESS FROM HAVING CERTAIN INTERESTS IN WHOLESALERS, DISTRIBUTORS OR MANUFACTURERS OF BEER OR LIGHT WINE; TO PROHIBIT SUCH PERSONS FROM MAKING LOANS TO WHOLESALERS, DISTRIBUTORS OR MANUFACTURERS OF BEER OR LIGHT WINE; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  The following provision shall be codified as Section 67-3-44, Mississippi Code of 1972:

     67-3-44.  (1)  The provision of this section apply to the following individuals and entities:

          (a)  Any person engaged in the business of selling beer and/or light wine at retail;

          (b)  An owner, shareholder, stockholder, member, partner, officer or director of an entity described in paragraph (a) of this subsection;

          (c)  An affiliate of an entity described in paragraph (a) of this subsection, regardless of the affiliation is corporate or by management, direction or control.

     (2)  No entity named in subsection (1) of this section may have any interest, direct or indirect, in, or lien upon, the license, business, assets or corporate stock of a wholesaler, distributor of manufacturer of beer and/or light wine; however, an entity named in subsection (1) of this section may own publically traded stock of a manufacturer.

     (3)  No entity named in subsection (1) of this section may make any loan, directly or indirectly to any wholesaler, distributor or manufacturer of beer and/or light wine.

     SECTION 2.  This act shall take effect and be in force from and after July 1, 2014.