On and after the effective date of this act no person, as the same is defined in R.S. 33:1-1, shall, except as hereinafter provided, acquire a beneficial interest in more than a total of two alcoholic beverage retail licenses, but nothing herein shall require any such person who has, on August 3, 1962, such an interest in more than two such licenses to surrender, dispose of, or release his interest in any such license or licenses.
N.J. Stat. Ann. § 33:1-12.31
Acquisition of beneficial interest in more than two retail licenses prohibited
Applied in 1 court decision — leading case Retail Services & Systems, Inc. v. South Carolina Department of Revenue (2017)
Most recently applied in Retail Services & Systems, Inc. v. South Carolina Department of Revenue (March 2017)
L.1962, c. 152, s. 1, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.