LegalFix
Sign In

Section 33:1-12.31 - Acquisition of beneficial interest in more than two retail licenses prohibited

NJ Rev Stat § 33:1-12.31 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

33:1-12.31. Acquisition of beneficial interest in more than two retail licenses prohibited

On and after the effective date of this act no person, as the same is defined in R.S. 33:1-1, shall, except as hereinafter provided, acquire a beneficial interest in more than a total of two alcoholic beverage retail licenses, but nothing herein shall require any such person who has, on August 3, 1962, such an interest in more than two such licenses to surrender, dispose of, or release his interest in any such license or licenses.

L.1962, c. 152, s. 1, eff. Aug. 3, 1962. Amended by L.1971, c. 217, s. 1, eff. June 17, 1971.

Previous Section
Section 33:1-12.30 - Death of licensee and cessation of business; issuance of new license in place of voided license
Next Section
Section 33:1-12.32 - Alcoholic beverage licenses.