Missouri Revised Statutes













Chapter 311

Liquor Control Law

←311.260

Section 311.265.1

311.270→

August 28, 2015

Retailer going out of business in debt to wholesaler, procedure--new license prohibited.

311.265. When a retailer licensed under this chapter is delinquent beyond

the permissible ordinary commercial credit period, the wholesaler shall

notify the supervisor of liquor control in writing of the debt and no new or

renewal license shall be issued to the retailer until the reported debt is

satisfied. The wholesaler shall immediately notify the supervisor of liquor

control in writing when the debt is satisfied. As used in this section, the

term "retailer" shall include an individual, corporation, partnership or

limited liability company, all officers and directors of such person or

entity and all stockholders owning, legally or beneficially, directly or

indirectly, ten percent or more of the stock of such person or entity.



(L. 1985 H.B. 166, A.L. 1995 S.B. 43, A.L. 2009 H.B. 132)





1995



1995



311.265. When a retailer licensed under chapter 311 or chapter 312,

RSMo, is delinquent beyond the permissible ordinary commercial credit

period, the wholesaler shall notify the supervisor of liquor control in

writing of the debt and no new or renewal license shall be issued to the

retailer until the reported debt is satisfied. The wholesaler shall

immediately notify the supervisor of liquor control in writing when the

debt is satisfied. As used in this section, the term "retailer" shall

include an individual, corporation, partnership or limited liability

company, all officers and directors of such person or entity and all

stockholders owning, legally or beneficially, directly or indirectly, ten

percent or more of the stock of such person or entity.



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