Delaware Administrative Code
Title 4 - Alcoholic Beverage Control
Department of Safety and Homeland Security
Office of the Alcoholic Beverage Control Commissioner
300 - Owner and Financial Interests; Trade Names
301 - (Formerly Rule 3) A Requiring Prior Approval by the Commissioner of Changes in Ownership, Officers, or Directors, Financial Interest, or Lease
Section 301-4.0 - Changes in Financial Interest

Universal Citation: 4 DE Admin Code 301-4.0
Current through Register Vol. 28, No. 3, September 1, 2024

No persons shall obtain a financial interest of any kind, other than as owner or stockholder or club member reported pursuant to this rule, in a license or license holder without previously submitting full details to the Commissioner; provided, however, that such requirement shall not be construed to apply to loans made to a licensee or a license holder which do not involve repayment based on the volume of business or a percentage of profits of the licensee or license holder.

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