(1) (a) An importer's license shall be issued to persons importing vinous or spirituous liquors into this state for the following purposes only:
To import and sell such liquors to wholesale liquor licensees;
To solicit orders from retail licensees and fill such orders through wholesale liquorlicensees.
(b) Such license shall not permit the licensee to maintain stocks of alcohol beverages in this state.
(2) It is unlawful for any licensed importer of vinous or spirituous liquors or any person, partnership, association, organization, or corporation interested financially in or with such a licensed importer to be interested financially, directly or indirectly, in the business of any vinous or spirituous wholesale licensee; except that any such financial interest that occurred on or before July 1, 1969, shall be lawful.
Source: L. 2018: Entire article added with relocations, (HB 18-1025), ch. 152, p. 997, § 2, effective October 1.
Editor's note: This section is similar to former § 12-47-404 as it existed prior to 2018.