SB 876
Prohibits beer manufacturers and liquor wholesalers from owning certain interests in each other
Sponsor:
LR Number:
5869S.01I
Committee:
Last Action:
4/11/2012 - Voted Do Pass S General Laws Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2012

Current Bill Summary

SB 876 - This act prohibits the following entities from having any financial interest in a beer wholesaler, or serving as a director, manager, employee, or agent of a beer wholesaler: brewers; the officers, directors, agents, managers, agents, employees of brewers; and the affiliates of any of the above.

There are several exceptions to a brewer having a financial interest in a wholesaler under this act, including security interests, interests from a judgement against the wholesaler or an acquisition for a short period of time while the interest is being transferred to a third party, or a minority interest for no more than two years per a written agreement.

In addition, brewers may act as wholesalers of their own products in certain circumstances and brewers with an annual production of 10,000 barrels or less may have an interest in a beer wholesaler that only sells its products.

Beer wholesalers are also prohibited from having a financial interest in a brewer.

Definitions are included for "affiliate", "brewer", "financial interest", "person", and "wholesaler".

This act is similar to SB 64 (2011).

MEGHAN LUECKE

Amendments