ARM 42.12.143. RESTRICTION ON INTEREST IN OTHER LICENSES

(1) Except as provided in 16-4-205, MCA, any person owning stock in a corporation which owns an all-beverages license is not qualified to own an interest, either as owner, partner, or stockholder, in another all-beverages, wholesale beer, or table wine distributor's license. (2) Any person owning stock in a corporation which owns a wholesale beer license is not qualified to own an interest, either as owner, partner, or stockholder in another wholesale beer or retail alcoholic beverages license. (3) Any person owning stock in a corporation which owns a table wine distributor's license is not qualified to own an interest, either as owner, partner, or stockholder in another table wine distributor's license or retail alcoholic beverages license.