Texas Alcoholic Beverage Code 22.04 – Limitation On Package Store Interests
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(a) A person may not hold or have an interest, directly or indirectly, in more than 250 package stores or in their business or permit.
(b) For the purpose of this section:
(1) a person has an interest in any permit in which his spouse has an interest; and
(2) as to a corporate permittee, the stockholders, managers, officers, agents, servants, and employees of the corporation have an interest in the permit, business, and package stores of the corporation.
Terms Used In Texas Alcoholic Beverage Code 22.04
- Commission: means the Texas Alcoholic Beverage Commission. See Texas Alcoholic Beverage Code 1.04
- 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.
- Permittee: means a person who is the holder of a permit provided for in this code, or an agent, servant, or employee of that person. See Texas Alcoholic Beverage Code 1.04
- Person: means a natural person or association of natural persons, trustee, receiver, partnership, corporation, organization, or the manager, agent, servant, or employee of any of them. See Texas Alcoholic Beverage Code 1.04
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) Except as provided by § 22.041, the commission may not issue more than 15 original package store permits to a person in a calendar year.
(d) This section does not apply to the stockholders, managers, officers, agents, servants, or employees of a corporation operating hotels, with respect to package stores operated by the corporation in hotels.