SB 64 – Prohibits beer manufacturers from having any interest in liquor wholesalers

• Sponsor: Parson
• LR Number: 0613S.01I
• Committee: Commerce, Consumer Protection, Energy and the Environment
• Last Action: 3/1/2011 - Hearing Conducted S Commerce, Consumer Protection, Energy and the Environment Committee
• Effective Date: August 28, 2011

Current Bill Summary

SB 64 – This act prohibits brewers or beer manufacturers as well as their officers, directors, agents, employees or affiliates, from having any direct or indirect interest in the license, business, assets or corporate stock of a wholesaler.

Exceptions are made for security interests in products sold to the wholesalers and interests resulting from a default judgement against the wholesaler. Also, the brewer may acquire title to the business, assets or corporate stock upon the written request of the wholesaler for a ninety-day period to transfer the business to an owner not affiliated with the brewer.

MEGHAN LUECKE