Texas Alcoholic Beverage Code 102.18 – Brewer: Prohibited Interests
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(a) This section applies to the following:
(1) a holder of a brewer‘s or nonresident brewer’s license;
(2) an officer, director, agent, or employee of an entity named in Subdivision (1); or
(3) an affiliate of an entity named in Subdivision (1), regardless of whether the affiliation is corporate or by management, direction, or control.
(b) An entity named in Subsection (a) may not have any interest in the license, business, assets, or corporate stock of a holder of a general or branch distributor’s license.
Terms Used In Texas Alcoholic Beverage Code 102.18
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Brewer: means a person engaged in the brewing of malt beverages, whether located inside or outside the state. See Texas Alcoholic Beverage Code 1.04