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)
Related Missouri laws
Qualifications for licenses
RSMo 311.060
License to manufacture not required, personal or family use
RSMo 311.055
Financial interest in retail businesses by certain licensees prohibited, exceptions
RSMo 311.070
Special events, not-for-profit organizations, contributions of money permitted, when
RSMo 311.071
License required
RSMo 311.050
Financial interests in distillery in close proximity to a recreational resort
RSMo 311.075
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.