Sec. 30-48a. Limitation on interest in retail permits.
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/ct/title-30/chapter-545-liquor-control-act/30-48a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)No person, and no backer, as defined in section 30-1 , shall, except as provided in this section, acquire an interest in more than four alcoholic beverage retail permits, except that on and after July 1, 2021, such person or backer may acquire an interest in no more than six alcoholic beverage retail permits, but nothing in this section shall
(1)require any such person who had, on June 8, 1981, such interest in more than two such permits to surrender, dispose of or release his or her interest in any such permit or permits nor shall it affect his or her right to continue to hold, use and renew such permits, or
(2)prohibit any such person who had, on June 8, 1981, such interest in more than two such permits from transferring his or her interest in such permits by inter vivos or testamentary disposition, including living trusts, to his or her spouse or child, or such spouse's or child's living trust or prohibit such spouse or child from accepting such a transfer notwithstanding that such spouse or child may already hold another permit issued under the provisions of this chapter. Any such permit so transferred may be renewed by such transferee under the provisions of section 30-14a . Except as provided in subdivision
(1)of this subsection, a person shall be deemed to acquire an interest in a retail permit if an interest is owned by such person, such person's spouse, children, partners, or an estate, trust, or corporation controlled by such person or such person's spouse, children, or any combination thereof. The provisions of this subsection shall apply to any such interest without regard to whether such interest is a controlling interest. For the purposes of this subsection, “person” means
(A)an individual,
(B)a corporation or any subsidiary of a corporation, or
(C)any combination of corporations or individuals any of whom, or any combination of whom, owns or controls, directly or indirectly, more than five per cent of any entity which is a backer, as defined in section 30-1 .
(b)A retail permit, for the purposes of subsection
(a)of this section, means a package store liquor permit or a druggist liquor permit.
(c)Membership in any organization which is or may become the holder of a club or nonprofit club permit issued under section 30-22aa shall not constitute acquisition of an interest in a retail permit.
(d)Any person who violates any provision of this section or of any regulation adopted pursuant to this section shall be fined not less than fifty dollars nor more than two hundred fifty dollars and any permit issued in violation of this section shall be revoked.