§ 6.27. Proprietary interest.
76 words·~1 min read·
/us/cfr/t27/s§ 6.27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Complete ownership. Outright ownership of a retail business by an industry member is not an interest which may result in a violation of section 105(b)(1) of the Act.
(b)Partial ownership. Less than complete ownership of a retail business by an industry member constitutes an interest in a retail license within the meaning of the Act. \[T.D. ATF-74, 45 FR 63251, Sept. 23, 1980, as amended by T.D. ATF-364, 60 FR 20421, Apr. 26, 1995\]