67-3-46 - Manufacturers of light wines or beer prohibited from acting as wholesalers or distributors. - Mississippi Statutes

§ 67-3-46. Manufacturers of light wines or beer prohibited from acting as wholesalers or distributors.
 

(1)  The provisions of subsection (2) of this section apply to the following entities: 

(a) Any person engaged in the business of brewing or manufacturing beer or in the business of manufacturing or producing light wines; 

(b) An officer, director, agent or employee 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 whether the affiliation is corporate or by management, direction or control. 

(2)  No entity named in subsection (1) of this section may have any interest in the license, business, assets or corporate stock of a wholesaler or distributor to whom this chapter applies, except a security interest granted to the entity of the type provided for the uniform commercial code in products sold to a wholesaler or distributor until the full purchase price has been paid therefor. 
 

Sources: Laws,  1980, ch. 342, § 1, eff from and after July 1, 1980.