Sec. 18. The transfer, sale, acquisition, assignment, control of, or beneficial interest, direct or indirect, in or to a beer wholesaler's permit, or in its business, or in its corporate stock, by a brewer contrary to the provisions of IC 7.1-5-9-2, or the transfer, assignment upon the capital stock book, or other corporate record, of a corporation holding a beer wholesaler's permit, of the capital stock, or a part of it, is wholly void and not capable of validation.
Ind. Code § 7.1-3-3-18
Certain transactions void
Applied in 1 court decision — leading case 545 F. Supp. 1137 - Lafayette Beverage Distributors, Inc. v. Anheuser-Busch, Inc. (1982)
Most recently applied in 545 F. Supp. 1137 - Lafayette Beverage Distributors, Inc. v. Anheuser-Busch, Inc. (August 1982)
Formerly: Acts 1973, P.L.55, SEC.1
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.