125.20 Interest restrictions.
159 words·~1 min read·
/wi/chapter-125/125-20-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
125.20 Interest restrictions.
(1)Definitions. In this section:
(a)“Distribution permit” means a permit issued under s. 125.28 or 125.54 .
(b)“Distribution permittee” means a person holding a distribution permit and includes a restricted individual of such a person.
(c)“Production permit” means a permit issued under s. 125.29 , 125.295 , 125.52 , or 125.53 , a permit issued under s. 125.30 to a brewer in another state, or a permit issued under s. 125.58 to a manufacturer, rectifier, or winery in another state.
(d)“Production permittee” means a person holding a production permit and includes a restricted individual of such a person.
(e)“Restricted individual” means any of the following:
1. An individual identified on a manager’s license or who works or acts in a managerial capacity for a permittee or licensee.
2. An individual serving as an officer, director, member, manager, or agent of a corporation or limited liability company holding a permit or license.