Alaska § 04.11.450 - Prohibited financial interest.
Full text of Alaska Alaska Statutes § 04.11.450 — Prohibited financial interest., with citation guidance and answers to common questions.
§ 04.11.450. Prohibited financial interest.
(a) A person other than a licensee may not have a direct or indirect financial interest in the business for which a license is issued.
(b) A person who is a representative or owner of a wholesale business licensed under AS 04.09.100 or 04.09.110 may not be issued, solely or together with others, a manufacturer license issued under AS 04.09.020 — 04.09.040, or a retail license issued under AS 04.09.200 — 04.09.370.
(c) A license may not be leased by a licensee to another person, partnership, limited liability organization, or corporation.
(d) For the purposes of this section, a lessor under a graduated or percentage lease-rent agreement involving premises licensed under this title does not hold a financial interest in the business.
(e) A holder of either a general wholesale license or a limited wholesale brewed beverage and wine license may not be employed by or act as the agent or employee of the holder of a manufacturer license under AS 04.09.020 — 04.09.040 or a retail license under AS 04.09.200 — 04.09.370.
(f) The holder of a manufacturer license that annually produces in total 300,000 barrels or more of brewed beverages or mead or cider containing less than 8.5 percent alcohol by volume, 50,000 nine-liter-equivalent cases or more of wine, sake, or mead or cider containing 8.5 percent or more alcohol by volume, or 50,000 nine- liter-equivalent cases or more of distilled spirits may not be issued, solely or together with others, a license under AS 04.09.100 — 04.09.370.
(g) For purposes of calculating the volume that the holder of a manufacturer license produces under this section, the volume of production must include all production by (1) the holder of the manufacturer's license; and
(2) an officer, director, agent, employee, or affiliate of the holder; in this paragraph, “affiliate” means a person that directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, a corporation.
(h) In this section, “direct or indirect financial interest” means holding a legal or equitable interest in the operation of a business licensed under this title. However, credit extended by a distiller, a brewery, or a winery to a wholesaler, or credit extended by a wholesaler to persons licensed under this title, or a consulting fee received from a person licensed under this title, is not considered a financial interest in a business licensed under this title.
Frequently Asked Questions About Alaska § 04.11.450
What does Alaska Statutes § 04.11.450 cover?
Section 04.11.450 ("Prohibited financial interest.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 04.11.450?
A common citation format is "Alaska Statutes § 04.11.450" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 04.11.450 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.