Text of section effective until September 01, 2021
Sec. 102.18. MANUFACTURER: PROHIBITED INTERESTS. (a) This section applies to the following:
(1) a holder of a manufacturer's or nonresident manufacturer's license;
(2) an officer, director, agent, or employee of an entity named in Subdivision (1) of this subsection; or
(3) an affiliate of an entity named in Subdivision (1) of this subsection, regardless of whether the affiliation is corporate or by management, direction, or control.
(b) No entity named in Subsection (a) of this section may have any interest in the license, business, assets, or corporate stock of a holder of a general, local, or branch distributor's license.
Added by Acts 1979, 66th Leg., p. 1973, ch. 777, Sec. 24, eff. Aug. 27, 1979.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1359 (H.B. 1545), Sec. 295, eff. September 1, 2021.
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