Section 04.11.450. Prohibited financial interest.

   (a) A person other than a licensee may not have a direct or indirect financial interest in the business for which a license is issued.
   (b) A person who is a representative or owner of a wholesale business, brewery, winery, bottling works, or distillery may not be issued, solely or together with others, a beverage dispensary license, a restaurant or eating place license, or package store license. A holder of a beverage dispensary license may be issued a brewpub license, subject to the provisions of AS 04.11.135. The prohibition against issuance of a restaurant or eating place license imposed under this subsection does not apply to a restaurant or eating place license issued on or before October 1, 1996 or a restaurant or eating place license issued under an application for a restaurant or eating place license approved on or before October 1, 1996.
   (c) A license may not be leased by a licensee to another person, partnership, limited liability organization, or corporation.
   (d) For the purposes of this section, a lessor under a graduated or percentage lease-rent agreement involving premises licensed under this title does not hold a financial interest in the business.
   (e) A holder of either a general wholesale license or a wholesale malt beverage and wine license may not be employed by or act as the agent or employee of the holder of a beverage dispensary or package store license.
   (f) In this section, "direct or indirect financial interest" means holding a legal or equitable interest in the operation of a business licensed under this title.  However, credit extended by a distiller, a brewery, or a winery to a wholesaler, or credit extended by a wholesaler to persons licensed under this title, or a consulting fee received from a person licensed under this title, is not considered a financial interest in a business licensed under this title.

Authorities

4.11.135

Notes

Recent Bills that will modify this

HB 185 ALCOHOLIC BEVERAGE CONTROL
SB 99 ALCOHOLIC BEVERAGE CONTROL; ALCOHOL REG

Implemented As

3 AAC 304.105
3 AAC 304.107
3 AAC 304.205
3 AAC 304.980

References

3 AAC 304.160
3 AAC 304.980
AS 4.11.135 .135">Sec. 04.11.135. Brewpub license.

History

(Sec. 2 ch 131 SLA 1980; am Sec. 5, 6 ch 111 SLA 1988; am Sec. 4 ch 136 SLA 1996; am Sec. 13 ch 74 SLA 1999)