Section 502 - Wholesale spirits provider prohibited financial interestsThe wholesale spirits provider and each principal officer of the wholesale spirits provider may not hold or possess: [2021, c. 658, §82(NEW).]
1.Agency liquor store license. An agency liquor store license; [2021, c. 658, §82(NEW).]
2.License to manufacture spirits. A license in this State or another state to manufacture spirits; or [2021, c. 658, §82(NEW).]
3.Direct financial interest in prohibited license. A direct financial interest in a license described in subsection 1 or 2, except that a minor investment in not more than 1% of the securities of a business entity holding a license described in subsection 1 or 2 does not constitute a financial interest prohibited by this subsection. [2021, c. 658, §82(NEW).]
Amended by 2022, c. 658,§ 82, eff. 8/8/2022.2003, c. 20, §SS4 (NEW) . 2003, c. 20, §SS8 (AFF) .