33:1-12.36 - Corporate licenses
33:1-12.36.Ā Corporate licenses
Nothing in this act shall affect (a) the right of any person having a beneficial interest in a retail license or licenses to hold or acquire an interest of not more than 10% of any corporation the shares of which are tradedĀ on a national securities exchange or regularly traded in an over-the-counterĀ market by one or more members of a national or affiliated securitiesĀ association or (b) the right of any person to hold or acquire an interest in aĀ corporation from his parent or grandparent provided such child or grandchildĀ does not have a beneficial interest in any retail license or licenses otherĀ than those held by the corporation.
L.1962, c. 152, s. 6.Ā Amended by L.1965, c. 197, s. 1, eff. Dec. 17, 1965.
Ā
Nothing in this act shall affect (a) the right of any person having a beneficial interest in a retail license or licenses to hold or acquire an interest of not more than 10% of any corporation the shares of which are tradedĀ on a national securities exchange or regularly traded in an over-the-counterĀ market by one or more members of a national or affiliated securitiesĀ association or (b) the right of any person to hold or acquire an interest in aĀ corporation from his parent or grandparent provided such child or grandchildĀ does not have a beneficial interest in any retail license or licenses otherĀ than those held by the corporation.
L.1962, c. 152, s. 6.Ā Amended by L.1965, c. 197, s. 1, eff. Dec. 17, 1965.
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