Section 436.1121. On-premises license; requirements.

(1) An applicant for an on-premises license, except for a special license, shall have a minimum down payment of 10% of the purchase price of the proposed licensed business, excluding the real estate and any alcoholic liquor. The commission may waive the down payment requirement upon a showing of  good cause.

(2)   All funds used in purchasing the proposed licensed  business  shall belong to the applicant individually and shall come from any of the following approved sources:

(a)  ) Money accumulated by the  applicant  from  legitimate  and  verifiable sources.

(b)   Money derived from state or federally approved lending institutions.

(c)   Gifts or loans, or both, derived from members of the applicant's immediate family, if the gifts or loans have come from other approved sources and the family member giving the gift or loan is of good moral character.

(d)  Loans derived from the federal veterans administration.

(e)   Any combination of the sources of funds specified in this subrule.

(f)  Any other source approved by the commission after a showing of  good cause by the applicant.

History: 1979 AC; 1998-2000 AACS.