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Senate Bill 350 |
Senate Author: Williams |
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Effective: 9-1-13 |
House Sponsor: Smith |
Under previous law, a manufacturer's agent's warehousing permit could be issued to an entity of which at least 50 percent of the ownership interests were owned by another entity that was located and chartered in the United Mexican States and that met certain other criteria. Senate Bill 350 amends the Alcoholic Beverage Code to remove the requirement regarding an entity's percentage of ownership interests and instead authorizes such a permit to be issued to an entity that receives beer, ale, or malt liquor from another entity, or that other entity's immediate successor in interest, that is so located and chartered and that meets those certain other criteria.