27 CFR 6.27 - Proprietary interest.

Regulations last checked for updates: Jun 01, 2024

Title 27 - Alcohol, Tobacco Products and Firearms last revised: May 28, 2024

View all text of Subpart C [§ 6.21 - § 6.72]

§ 6.27 - Proprietary interest.

(a) Complete ownership. Outright ownership of a retail business by an industry member is not an interest which may result in a violation of section 105(b)(1) of the Act.

(b) Partial ownership. Less than complete ownership of a retail business by an industry member constitutes an interest in a retail license within the meaning of the Act.

[T.D. ATF-74, 45 FR 63251, Sept. 23, 1980, as amended by T.D. ATF-364, 60 FR 20421, Apr. 26, 1995]

authority: 15 U.S.C. 49-50; 27 U.S.C. 202 and 205; 44 U.S.C. 3504(h)

source: T.D. ATF-74, 45 FR 63251, Sept. 23, 1980, unless otherwise noted.

cite as: 27 CFR 6.27