§ 7.1-3-3-2 — Necessary investment

Necessary Investment. An applicant for a beer
wholesaler's permit shall have available for investment, capital, in cash
or property, necessary and useful in his business, exclusively as a beer
wholesaler, of at least fifteen thousand dollars ($15,000), exclusive of
motor vehicles. If his application is granted, the investment shall
actually be made and proof of it submitted to the commission before
the applicant shall engage in business as a beer wholesaler. The
provisions of this section shall not apply to a permittee who held a
valid beer wholesaler's permit as of April 2, 1965.
[Pre-1973 Recodification Citation: 7-1-1-10.]
Formerly: Acts 1973, P.L.55, SEC.1.