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Me. Rev. Stat. tit. 28-A, § 502

Wholesale spirits provider prohibited financial interests

PL 2003, c. 20, Pt

The wholesale spirits provider and each principal officer of the wholesale spirits provider may not hold or possess:

1. Agency liquor store license. An agency liquor store license;

2. License to manufacture spirits. A license in this State or another state to manufacture spirits; or

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.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.