Notwithstanding the definition of "financial interest" contained in section 311.060, service as a member of the board of directors of a corporation, the stock of which is traded on the New York or American Stock Exchange or NASDAQ, or ownership of less than ten percent of the outstanding shares in such corporation, shall not constitute a financial interest in such corporation or a subsidiary thereof.
Mo. Rev. Stat. § 311.061
Stock ownership not deemed financial interest, when
Known as the Liquor Control Law
The act spans §§ 311–311 (158 sections).
Effective: 28 Aug 1994; (L. 1985 H.B. 166, A.L. 1994 S.B. 474)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.