11 Guam Code Ann. § 3300
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Terms Used In 11 Guam Code Ann. § 3300
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
(a) Except in the case of an on-sale beer license, off-sale beer license, public warehouseman’s license or temporary beer license, the Board shall not issue a license to any person who is then holding a license of another class. The Board may issue an on-sale beer license and an off-sale beer license to one person, a public warehouseman’s license to any person holding a manufacturer’s license or wholesaler’s license and a temporary beer license to any on-sale or off-sale licensee.
(b) No manufacturer within or outside of Guam or any officer, subsidiary, affiliate or other entity in which a manufacturer holds any ownership or interest, directly or indirectly by stock ownership, interlocking directors, trusteeship, loan, mortgage or lien on any real or personal property, shall hold any alcoholic beverage license other than a manufacturer’s license in Guam.
SOURCE: GC § 25200. Subsection (b) added by P.L. 20-17:12.
2017 NOTE: References to “”Territory”” and “”territory”” removed and/or altered to “”Guam”” pursuant to 1 Guam Code Ann. § 420.