Del. Admin. Code tit. 4, Department of Safety and Homeland Security, Office of the Alcoholic Beverage Control Commissioner, 300, 303

Current through Reigster Vol. 28, No. 6, December 1, 2024
(Formerly Rule 44) A Governing Financial Interests in Various Licensees

The terms "importer," "manufacturer," and "retailer" as used in this rule shall include (in addition to the definitions given in 4 Del.C. § 101) all persons with an interest in the business of importing, manufacturing or retailing, whether as a sole proprietor thereof, a partner, a director or officer or stockholder or member of a corporation, or as an employee of any such business.

No manufacturer or importer of alcoholic liquor shall have any financial interest, direct or indirect, in any business holding a license for the retail sale of alcoholic liquor.

No manufacturer or retailer of alcoholic liquor shall have any financial interest, direct or indirect, in any business holding a license for importing alcoholic liquor.

Nothing contained in this Rule shall prohibit any person from owning qualifying or non-income producing shares held as a condition of membership in any non-profit social organization or bonds or debentures issued by such organization to the members thereof.

Del. Admin. Code tit. 4, Department of Safety and Homeland Security, Office of the Alcoholic Beverage Control Commissioner, 300, 303

19 DE Reg. 775 (02/01/16)