Washington Administrative Code
Title 314 - Liquor and Cannabis Board
Chapter 314-35 - Vapor products
Section 314-35-027 - Qualifying for a vapor product license

Universal Citation: WA Admin Code 314-35-027

Current through Register Vol. 24-18, September 15, 2024

A vapor product license must be issued in the name(s) of the true party(ies) of interest.

(1) True parties of interest must qualify to be listed on the license, consistent with RCW 70.345.020. For purposes of this chapter, "true party of interest" means:

Entity

True Party(ies) of Interest

Sole proprietorship

Sole proprietor and spouse.

General partnership

All partners and spouses.

Limited partnership, limited liability partnership, or limited liability limited partnership

All general partners and spouses.

All limited partners and spouses.

Limited liability company

All members and spouses.

All managers and spouses.

Privately held corporation

All corporate officers (or persons with equivalent title) and spouses.

All stockholders.

Publicly held corporation

All corporate officers (or persons with equivalent title) and spouses.

All stockholders.

Multilevel ownership structures

All persons and entities that make up the ownership structure.

Any entity or person(s) expecting or receiving profits, or part thereof, or exercising control over a licensed business

Any entity or person who is in receipt of, or has the right to receive profits, or part thereof, from the licensed business during any full or partial calendar or fiscal year.

Any entity or person(s) who exercise(s) control over the licensed business in exchange for money or expertise

Any entity(s) or person(s) and spouses who exercise(s) control over the licensed business in exchange for money or expertise.

Nonprofit corporations

All individuals and spouses, and entities having membership rights in accordance with the provisions of the articles of incorporation or the bylaws.

(2) The board may conduct an investigation of any person or entity who exercises any control over the applicant's or licensee's business operations, including a financial investigation, a criminal history background check, or both. When an entity other than the owner controls daily business operations consistent with an agreement between the owner and the operating entity, the operating entity becomes a true party of interest. The operating entity must meet the same qualifications and requirements as a licensee.

Disclaimer: These regulations may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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