R.I. Gen. Laws § 3-7-22
This is the official text of R.I. Gen. Laws § 3-7-22, part of Rhode Island’s Gen. Laws — part of the compiled statutory law of Rhode Island, published by the state as "Gen. Laws." Browse the sections below, each linked to its official government source.
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§ 3-7-22. Manufacturers or wholesalers interest in retailer.
Official statutory text
(a) Except as otherwise provided, it shall be unlawful for any holder of a manufacturers or wholesalers license to have any direct or indirect interest in any retailers license or in the business carried on under a retailers license. If by operation of law the holder of a manufacturers or wholesalers license acquires an interest in a retailers license, or in the business carried on under a retailers license, he or she shall within thirty (30) days after acquiring that interest report the interest to the department and shall dispose of that interest in accordance with the directions of the department. Any person willfully violating the provisions of this section shall forfeit his or her manufacturers license and his or her interest in the retailers license.
(b) The holder of a license issued pursuant to § 3-6-1.1, et seq., located at 162 West Main Road, Little Compton, Rhode Island may have a direct or indirect interest in a Class B license, provided, that the holder shall remain obligated to comply with § 3-7-18 and § 3-5-11.1.
(b) The holder of a license issued pursuant to § 3-6-1.1, et seq., located at 162 West Main Road, Little Compton, Rhode Island may have a direct or indirect interest in a Class B license, provided, that the holder shall remain obligated to comply with § 3-7-18 and § 3-5-11.1.
Status: in_force · Read it on the official government site
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