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TO AMEND SECTION 61-6-140, SOUTH CAROLINA CODE OF LAWS, 1976, RELATED TO THE NUMBER OF RETAIL LIQUOR STORE LICENSES, SO AS TO EXPAND THE NUMBER OF LICENSES AVAILABLE TO AN ELIGIBLE LICENSEE FROM THREE TO TEN, AND TO AMEND SECTION 61-6-150, RELATED TO A LICENSEE'S INTEREST IN OTHER RETAIL LIQUOR STORES, SO AS TO EXPAND THE INTERESTS OF A LICENSEE FROM THREE TO TEN STORES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 61-6-140 of the 1976 Code is amended to read:
"Section 61-6-140. No more than three ten retail dealer licenses may be issued to one licensee, and the licensee must be eligible for a license for each store pursuant to Section 61-6-110.
No more than three ten retail dealer licenses may be issued for the use of one corporation, association, partnership, or limited partnership. A corporation having the use of a retail dealer license that is owned by another corporation is considered to be holding the retail dealer license for the use of the owning corporation."
SECTION 2. Section 61-6-150 of the 1976 Code is amended to read:
"Section 61-6-150. No person, directly or indirectly, individually or as a member of a partnership or an association, as a member or stockholder of a corporation, or as a relative to a person by blood or marriage within the second degree, may have any interest whatsoever in a retail liquor store licensed under this section except the three ten stores covered by his the person's retail dealer's licenses, as provided for in Section 61-6-140. The prohibitions in this section do not apply to a person having an interest in retail liquor stores on July 1, 1978."
SECTION 3. This act takes effect upon approval by the Governor.
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