California § 25503.11. 25503.11. (Amended by Stats. 1998, Ch. 639, Sec. 12.)

California Statutes

§ 25503.11. — 25503.11. (Amended by Stats. 1998, Ch. 639, Sec. 12.)

California § 25503.11.

Code BPCBusiness and Professions Code - BPC

Div. 9.DIVISION 9. ALCOHOLIC BEVERAGES

Ch. 15.CHAPTER 15. Tied-House Restrictions

This text of California § 25503.11. (25503.11. (Amended by Stats. 1998, Ch. 639, Sec. 12.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Business and Professions Code - BPC Code § 25503.11. (2026).

Text

Notwithstanding any other provision of this division, a manufacturer, manufacturer’s agent, winegrower, rectifier, importer, or wholesaler may hold a diminutive amount of stock in a corporate retail licensee or serve on the board of directors of a corporate off-sale retail licensee, provided the stock ownership or service on the board of directors, as determined by the department, does not result in the exercise of control over the retail licensee’s business and does not result in the exclusion of any competitor’s brand of alcoholic beverages, and provided further that the stock is listed on the New York Stock Exchange, the American Stock Exchange, or NASDAQ, and the department is notified of the stock ownership or service on the board of directors.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding any other provision of this division, a manufacturer, manufacturer’s agent, winegrower, rectifier, importer, or wholesaler may hold a diminutive amount of stock in a corporate retail licensee or serve on the board of directors of a corporate off-sale retail licensee, provided the stock ownership or service on the board of directors, as determined by the department, does not result in the exercise of control over the retail licensee’s business and does not result in the exclusion of any competitor’s brand of alcoholic beverages, and provided further that the stock is listed on the New York Stock Exchange, the American Stock Exchange, or NASDAQ, and the department is notified of the stock ownership or service on the board of directors.