Missouri § 311.401 - Repossessed liquor, sale by lending institution, when — no license required.
Full text of Missouri Revised Statutes of Missouri § 311.401 — Repossessed liquor, sale by lending institution, when — no license required., with citation guidance and answers to common questions.
§ 311.401. Repossessed liquor, sale by lending institution, when — no license required.
Any lending institution doing business with any distiller, wholesaler, winemaker, brewer, or retailer in Missouri duly licensed under this chapter shall have the right to sell intoxicating liquor which such lending institution has repossessed to a retailer duly licensed under this chapter, with the approval of the supervisor of alcohol and tobacco control, provided such liquor was originally taken as collateral for a business loan. No license or permit shall be required for such sale, and such sale shall be limited to cases, kegs, or barrels of such liquor, and any leftover unopened containers. Such transaction shall be subject to the provisions of chapter 400. As used in this section, the term "lending institution" means any bank or trust company incorporated under the laws of this state or of the United States.
--------
(L. 1983 S.B. 6, A.L. 2003 S.B. 298)
---- end of effective 28 Aug 2003 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 311.401
What does Revised Statutes of Missouri § 311.401 cover?
Section 311.401 ("Repossessed liquor, sale by lending institution, when — no license required.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 311.401?
A common citation format is "Revised Statutes of Missouri § 311.401" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 311.401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.