Maine § 28-A §502 Wholesale spirits provider prohibited financial interests

Maine Statutes

§ 28-A §502 — Wholesale spirits provider prohibited financial interests

Maine § 28-A §502

Title 28-ALIQUORS

Part 2AGENCY LIQUOR STORES

Ch. 21WHOLESALE SPIRITS PROVIDER

This text of Maine § 28-A §502 (Wholesale spirits provider prohibited financial interests) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 28-A, § 28-A §502 (2026).

Text

The wholesale spirits provider and each principal officer of the wholesale spirits provider may not hold or possess:

1.Agency liquor store license. An agency liquor store license;

2.License to manufacture spirits. A license in this State or another state to manufacture spirits; or

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.

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The wholesale spirits provider and each principal officer of the wholesale spirits provider may not hold or possess:
1.
Agency liquor store license.
An agency liquor store license;
2.
License to manufacture spirits.
A license in this State or another state to manufacture spirits; or
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.