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- Alaska Statutes.
- Title 4. Alcoholic Beverages
- Chapter 11. Licensing
- Section 450. Prohibited Financial Interest.
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. Prior Public Approval.
AS 04.11.450. Prohibited Financial Interest.
- (a) A person other than a licensee may not have a direct or indirect financial interest in the business for which a
license is issued.
- (b) A person who is a representative or owner of a wholesale business, brewery, winery, bottling works, or distillery may
not be issued, solely or together with others, a beverage dispensary license, a restaurant or eating place license, or
package store license. A holder of a beverage dispensary license may be issued a brewpub license, subject to the
provisions of AS 04.11.135
. The prohibition against issuance of a restaurant or eating place license imposed under this subsection does not apply
to a restaurant or eating place license issued on or before October 1, 1996 or a restaurant or eating place license
issued under an application for a restaurant or eating place license approved on or before October 1, 1996.
- (c) A license may not be leased by a licensee to another person, partnership, limited liability organization, or
- (d) For the purposes of this section, a lessor under a graduated or percentage lease-rent agreement involving premises
licensed under this title does not hold a financial interest in the business.
- (e) A holder of either a general wholesale license or a wholesale malt beverage and wine license may not be employed by or
act as the agent or employee of the holder of a beverage dispensary or package store license.
- (f) In this section, "direct or indirect financial interest" means holding a legal or equitable interest in the operation
of a business licensed under this title. However, credit extended by a distiller, a brewery, or a winery to a
wholesaler, or credit extended by a wholesaler to persons licensed under this title, or a consulting fee received from
a person licensed under this title, is not considered a financial interest in a business licensed under this title.
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