Senate Bill 2830

AN ACT TO AMEND SECTION 67-3-46, MISSISSIPPI CODE OF 1972, TO REVISE THE LIST OF ENTITIES THAT MAY NOT HAVE INTEREST IN THE LICENSE, BUSINESS, ASSETS OR CORPORATE STOCK OF A WHOLESALER OR DISTRIBUTOR; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. Section 67-3-46, Mississippi Code of 1972, is amended as follows:

67-3-46. (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 or light spirit products;

(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 * * *.;

(d) An entity that is the manufacturer of a product or substance that is infused into or becomes part of any beer, light wine or light spirit products regardless or not if they manufacture the final product. This shall apply to all related companies, wholly-owned subsidiaries, joint ventures or any similar type of arrangement.

(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.

SECTION 2. This act shall take effect and be in force from and after July 1, 2023.