244.570 Brewer or distributor not to be financially interested in retail premises.
138 words·~1 min read·
/ky/chapter-244/244-570A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)No brewer or distributor shall be interested in any manner, either directly or
indirectly, in the ownership or leasehold of any property or in any mortgage against
the property for which a retail license is issued, nor shall a brewer or distributor
either directly or indirectly lend any moneys, credit or the equivalent thereto to any
retailer in equipping, fitting out or maintaining and conducting either in whole or in
part a malt beverage retail establishment or business.
(2)Subsection
(1)shall not apply to the interest of a brewer or distributor in any
mortgage or other lien taken by him to secure the payment in whole or part of any
indebtedness due him by any other licensee and incurred prior to March 7, 1938. It
shall not prohibit a distributor from owning stock in a brewery.