Texas Alcoholic Beverage Code
§ 22.16 — OWNERSHIP BY PUBLIC CORPORATIONS PROHIBITED
AL § 22.16Title 3. LICENSES AND PERMITS · Part A. PERMITS · Ch. 22. PACKAGE STORE PERMIT
Statute text
View on source(a)A package store permit may not be owned or held by a public corporation, or by any entity which is directly or indirectly owned or controlled, in whole or in part, by a public corporation, or by any entity which would hold the package store permit for the benefit of a public corporation.
(b)For purposes of this section, a public corporation means:
(1)any corporation or other legal entity whose shares or other evidence of ownership are listed on a public stock exchange; or
(2)any corporation or other legal entity in which more than 35 persons hold an ownership interest in the entity.
(c)Before the commission may renew a package store permit, an individual who is an owner or officer of the permittee must file with the commission a sworn affidavit stating that the permittee fully complies with the requirements of this section.
(d)This section shall not apply to a package store located in a hotel.
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Legislative history
Added by Acts 1995, 74th Leg., ch. 480, Sec. 2, eff. Sept. 1, 1995.