Maine Revised Statutes Title 28-A Sec. 502 – Wholesale spirits provider prohibited financial interests
Current as of: 2023 | Check for updates
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The wholesale spirits provider and each principal officer of the wholesale spirits provider may not hold or possess: [PL 2021, c. 658, §82 (NEW).]
1. Agency liquor store license. An agency liquor store license;
[PL 2021, c. 658, §82 (NEW).]
Terms Used In Maine Revised Statutes Title 28-A Sec. 502
- Agency liquor store: means a person that is licensed by the bureau to sell spirits, wine and malt liquor to be consumed off the premises. See Maine Revised Statutes Title 28-A Sec. 2
- Business entity: means a partnership, corporation, firm, association or other legal entity. See Maine Revised Statutes Title 28-A Sec. 2
- Liquor: means spirits, wine, malt liquor or hard cider, or any substance containing liquor, intended for human consumption, that contains more than 1/2 of 1% of alcohol by volume. See Maine Revised Statutes Title 28-A Sec. 2
- Minor: means a person who has not reached the age of 21 years. See Maine Revised Statutes Title 28-A Sec. 2
- Spirits: means any liquor produced by distillation or, if produced by any other process, strengthened or fortified by the addition of spirits of any kind. See Maine Revised Statutes Title 28-A Sec. 2
- Wholesale spirits provider: means a person that has a contract under section 90 to serve as an agent of the State for the purpose of providing wholesale spirits to establishments licensed by the State to sell spirits for off-premises consumption. See Maine Revised Statutes Title 28-A Sec. 2
2. License to manufacture spirits. A license in this State or another state to manufacture spirits; or
[PL 2021, c. 658, §82 (NEW).]
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.
[PL 2021, c. 658, §82 (NEW).]
SECTION HISTORY
PL 2003, c. 20, Pt. SS, §4 (NEW). PL 2003, c. 20, Pt. SS, §8 (AFF). PL 2003, c. 51, Pt. C, §2 (AFF). PL 2021, c. 658, §82 (RPR).