Indiana Code 7.1-5-9-4. Interest in another permit prohibited
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Sec. 4. (a) Except as provided in IC 7.1-3-3-4, an applicant for a beer wholesaler’s permit shall have no interest in the following:
For details, see Ind. Code § 35-50-3-3
(2) Any other permit to wholesale alcoholic beverages.
(1) A permit to manufacture or to sell at retail alcoholic beverages of any kind.
Attorney's Note
Under the Indiana Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class B misdemeanor | up to 180 days | up to $1,000 |
Terms Used In Indiana Code 7.1-5-9-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(3) Through stock ownership or otherwise, a partnership, limited liability company, or corporation that holds:
(A) a permit to manufacture or to sell at retail alcoholic beverages of any kind; or
(B) any other permit to wholesale alcoholic beverages of any kind.
(b) A person who knowingly or intentionally violates this section commits a Class B misdemeanor.
[Pre-1973 Recodification Citation: 7-1-1-10.]
Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.51-1994, SEC.14; P.L.204-2001, SEC.59; P.L.159-2014, SEC.59.