(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) or (d) of this subsection;(c) An affiliate of an entity described in paragraph (a) or (d) 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 of whether the entity manufactures the final product. This provision also shall apply to all affiliated companies, wholly-owned subsidiaries or joint ventures.(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 stributor 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.Laws, 1980, ch. 342, § 1, eff. 7/1/1980.Amended by Laws, 2023, ch. 535, HB 1140,§ 1, eff. 4/20/2023.Amended by Laws, 2020, ch. 314, HB 917,§ 18, eff. 6/18/2020.
Mississippi Legal Code