905 Ind. Admin. Code 1-5.1-2
Current through October 9, 2024
Authority: IC 7.1-2-3-7; IC 7.1-2-3-8; IC 7.1-2-3-22
Affected: IC 7.1
Sec. 2.
A primary source of supply's or wholesaler's acquisition of a mortgage on any of the real or personal property a retailer or dealer uses in its alcoholic beverage business is a prohibited interest in the retailer's or dealer's property, except to the extent a lien or other security interest is acquired to secure payment of goods sold on credit if such credit is permissible under IC 7.1.
905 IAC 1-5.1-2