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New Mexico Statutes Chapter 60. Business Licenses § 60-7A-10. Wholesalers prohibited from owning retailer's or dispenser's establishment

Current as of January 01, 2024 | Updated by FindLaw Staff

A. Except as provided in Subsection B of this section, it is a violation of the Liquor Control Act for a wholesaler, directly or indirectly or through an affiliate, to own, either in whole or in part, a business operated under a retailer's or dispenser's license.

B. This section shall not prevent a wholesaler from owning a dispenser's license directly or indirectly or through an affiliate and operating a business itself or through an affiliate or a lessee under a dispenser's license if:

(1) the wholesaler directly or indirectly operates or controls an interest in an establishment or complex maintaining a minimum of one hundred sleeping rooms and having a resident of New Mexico as a proprietor or manager and where, in consideration of payment, meals and lodging are regularly furnished to the general public; and

(2) the sale of alcoholic beverages under the dispenser's license is restricted to their consumption on the licensed premises.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 60. Business Licenses § 60-7A-10. Wholesalers prohibited from owning retailer's or dispenser's establishment - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-60-business-licenses/nm-st-sect-60-7a-10/

Read this complete New Mexico Statutes Chapter 60. Business Licenses § 60-7A-10. Wholesalers prohibited from owning retailer's or dispenser's establishment on Westlaw. Westlaw subscription required.

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