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§ 3-120. Business interests prohibited for beverage, beer and wine, caterer, public event or bo...

Oklahoma Statutes AnnotatedTitle 37A. Alcoholic BeveragesEffective: May 7, 2019

Oklahoma Statutes Annotated
Title 37a. Alcoholic Beverages
Chapter 3. Statutory Regulation
Effective: May 7, 2019
37A Okl.St.Ann. § 3-120
§ 3-120. Business interests prohibited for beverage, beer and wine, caterer, public event or bottle club licensees
No mixed beverage, beer and wine, caterer, public event or bottle club licensee, partner in any type of partnership, manager or member of a limited liability company, officer, director or stockholder of any corporate licensee owning more than fifteen percent (15%) of the stock shall have any right, title, lien, claim or interest, financial or otherwise in, upon or to the premises, equipment, business or merchandise of any package store, beer distributor, brewer, manufacturer or wholesaler. The provisions of this section shall not prohibit a person who is an officer or director of a fraternal or veteran's organization which is a tax exempt organization under Section 501(c)(8),(10) or (19) of the Internal Revenue Code1 and which holds a license issued by the ABLE Commission from having a right, title, lien, claim or interest in the premises, equipment, business or merchandise of a package store.

Credits

Laws 2016, c. 366, § 90, eff. Oct. 1, 2018; Laws 2019, c. 322, § 23, emerg. eff. May 7, 2019.

Footnotes

26 U.S.C.A. § 501(c).
37A Okl. St. Ann. § 3-120, OK ST T. 37A § 3-120
Current with legislation of the Second Regular Session of the 59th Legislature (2024) effective as of July 1, 2024. Some sections may be more current, see credits for details.
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