California § 25503.12. 25503.12. (Amended by Stats. 1998, Ch. 639, Sec. 13.)

California Statutes

§ 25503.12. — 25503.12. (Amended by Stats. 1998, Ch. 639, Sec. 13.)

California § 25503.12.

Code BPCBusiness and Professions Code - BPC

Div. 9.DIVISION 9. ALCOHOLIC BEVERAGES

Ch. 15.CHAPTER 15. Tied-House Restrictions

This text of California § 25503.12. (25503.12. (Amended by Stats. 1998, Ch. 639, Sec. 13.)) 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 § 25503.12. (2026).

Text

Notwithstanding any other provision of this division, a retail licensee may hold a diminutive amount of stock in a corporate licensed manufacturer, manufacturer’s agent, winegrower, rectifier, importer, or wholesaler, provided that the purpose of the stock ownership by the retail licensee, as determined by the department, is not to violate any of the provisions of this chapter, and provided further that the stock is listed on the New York Stock Exchange, the American Stock Exchange, or on NASDAQ, and the department is notified of the stock ownership.

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Notwithstanding any other provision of this division, a retail licensee may hold a diminutive amount of stock in a corporate licensed manufacturer, manufacturer’s agent, winegrower, rectifier, importer, or wholesaler, provided that the purpose of the stock ownership by the retail licensee, as determined by the department, is not to violate any of the provisions of this chapter, and provided further that the stock is listed on the New York Stock Exchange, the American Stock Exchange, or on NASDAQ, and the department is notified of the stock ownership.