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

Maine Statutes

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

Maine·Title 28-A LIQUORS·Part 2 AGENCY LIQUOR STORES·Ch. 21 WHOLESALE SPIRITS PROVIDER

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.

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