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Tex. Alco. Bev. Code § 102.18

BREWER: PROHIBITED INTERESTS

Applied in 1 court decision — leading case August A. Busch & Co. v. Texas Alcoholic Beverage Commission (1982)

Most recently applied in August A. Busch & Co. v. Texas Alcoholic Beverage Commission (December 1982)

Added by Acts 1979, 66th Leg., p. 1973, ch. 777, Sec. 24, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.