311.260. More than five licenses by any one person prohibited, exception. - Missouri Statutes

More than five licenses by any one person prohibited, exception.

311.260. 1. No person, corporation, employee, officer, agent,subsidiary, or affiliate thereof, shall:

(1) Have more than five licenses; or

(2) Be directly or indirectly interested in any business of any otherperson, corporation, or employee, officer, agent, subsidiary, or affiliatethereof, who sells intoxicating liquor at retail by the drink forconsumption on the premises described in any license; or

(3) Sell intoxicating liquor at retail by the drink for consumptionat the place of sale at more than five places in this state.

2. Notwithstanding any other provision of this chapter or municipalordinance to the contrary, for the purpose of determining whether a person,corporation, employee, officer, agent, subsidiary, or affiliate thereof hasa disqualifying interest in more than five licenses pursuant to subsection1 of this section, there shall not be counted any license to sellintoxicating liquor at retail by the drink for consumption on the followingpremises:

(1) Restaurants where at least fifty percent of the gross income ofwhich is derived from the sale of prepared meals or food consumed on thepremises where sold; or

(2) Establishments which have an annual gross income of at least twohundred thousand dollars from the sale of prepared meals or food consumedon the premises where sold; or

(3) Facilities designed for the performance of live entertainment andwhere the receipts for admission to such performances exceed one hundredthousand dollars per calendar year; or

(4) Any establishment having at least forty rooms for the overnightaccommodation of transient guests.

(RSMo 1939 § 4907, A.L. 1971 S.B. 18, A.L. 1990 H.B. 1180, A.L. 1995 S.B. 43, A.L. 2003 S.B. 298, A.L. 2009 H.B. 132)