Bill 3174

                    Current Status
Introducing Body:               House
Bill Number:                    3174
Ratification Number:            140
Act Number:                     78
Primary Sponsor:                Felder
Type of Legislation:            GB
Subject:                        Beer operations, ownership
                                and financial interest defined
Date Bill Passed both Bodies:   19930512
Computer Document Number:       NO5/8751BD.93
Governor's Action:              S
Date of Governor's Action:      19930524
Introduced Date:                19930119
Date of Last Amendment:         19930325
Last History Body:              ------
Last History Date:              19930524
Last History Type:              Act No. 78
Scope of Legislation:           Statewide
All Sponsors:                   Felder
Type of Legislation:            General Bill

Bill   Body    Date          Action Description              CMN  Leg Involved
----   ------  ------------  ------------------------------  ---  ------------
3174   ------  19930524      Act No. 78
3174   ------  19930524      Signed by Governor
3174   ------  19930518      Ratified R 140
3174   House   19930512      Concurred in Senate
                             amendment, enrolled for
                             ratification
3174   Senate  19930429      Read third time, returned to
                             House with amendment
3174   Senate  19930325      Amended, read second time,
                             ordered to third reading with
                             notice of general amendments
3174   Senate  19930324      Committee Report: Favorable     11
                             with amendment
3174   Senate  19930303      Introduced, read first time,    11
                             referred to Committee
3174   House   19930302      Read third time, sent to
                             Senate
3174   House   19930225      Read second time
3174   House   19930224      Committee Report: Favorable     26
3174   House   19930119      Introduced, read first time,    26
                             referred to Committee

(A78, R140, H3174)

AN ACT TO AMEND SECTION 61-9-315, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REGULATION OF BEER MANUFACTURERS, BREWERS, IMPORTERS, WHOLESALERS, AND RETAILERS, SO AS TO DEFINE OWNERSHIP AND FINANCIAL INTEREST IN BEER OPERATIONS AS REGARDS TIERS IN THE INDUSTRY.

Be it enacted by the General Assembly of the State of South Carolina:

Definition of ownership and financial interest in beer operations

SECTION 1. Section 61-9-315(E) of the 1976 Code is amended to read:

"(E) A manufacturer, brewer, and importer of beer are declared to be in business on one tier, a wholesaler on another tier, and a retailer on another tier. A person or an entity in the beer business on one tier, or anyone acting directly or indirectly on his behalf, may not have ownership or financial interest in the beer business operation on another tier. This limitation does not apply to the interest held on July 1, 1980, by the holder of a wholesale permit in a business operated by the holder of a retail permit at premises other than where the wholesale business is operated. Ownership or financial interest within the meaning of this subsection does not include the ownership of less than one percent of the stock in a corporation with a class of voting shares registered with the Securities and Exchange Commission or other federal agency under Section 12 of the Securities and Exchange Act of 1934, as amended, or a consulting agreement under which the consultant has no control over business decisions and whose compensation is unrelated to the profits of the business."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Approved the 24th day of May, 1993.