N.J. Stat. § 33:1-12.36

Current through L. 2023, c. 290.
Section 33:1-12.36 - Corporate licenses

Nothing in this act shall affect (a) the right of any person having a beneficial interest in a retail license or licenses to hold or acquire an interest of not more than 10% of any corporation the shares of which are traded on a national securities exchange or regularly traded in an over-the-counter market by one or more members of a national or affiliated securities association or (b) the right of any person to hold or acquire an interest in a corporation from his parent or grandparent provided such child or grandchild does not have a beneficial interest in any retail license or licenses other than those held by the corporation.

N.J.S. § 33:1-12.36

L.1962, c.152, s.6; amended by L.1965, c.197, s.1, eff. 12/17/1965.