Stock ownership not deemed financial interest, when
If someone owns less than 10% of a company's stock, or serves on the board of a company that is traded on major stock exchanges like the New York Stock Exchange or NASDAQ, that does not count as having a 'financial interest' in that company under Missouri liquor laws.
311.061. Stock ownership not , when. — the definition of "financial interest" contained in section 311.060, as a member of the of a , the stock of which is traded on the New York or American Stock Exchange or , or ownership of less than ten percent of the in such corporation, shall not constitute a financial interest in such corporation or a thereof.
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Source & history notes
(L. 1985 H.B. 166, A.L. 1994 S.B. 474)
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.