Idaho § 23-1032 - FINANCIAL INTEREST IN DEALER OR WHOLESALER PROHIBITED
Full text of Idaho Idaho Statutes § 23-1032 — FINANCIAL INTEREST IN DEALER OR WHOLESALER PROHIBITED, with citation guidance and answers to common questions.
§ 23-1032. FINANCIAL INTEREST IN DEALER OR WHOLESALER PROHIBITED
(1) It shall be unlawful for any brewer, directly or indirectly, or through an affiliate, subsidiary, officer, director, agent or employee to have any financial interest in any licensed wholesaler’s or dealer’s business, or to own or control any real property upon which a licensed dealer or wholesaler conducts business, except:
(a) For a brewer licensed within the state of Idaho who produces fewer than thirty thousand (30,000) barrels of beer annually and is duly licensed as a wholesaler as provided in section 23-1003 (e), Idaho Code;
(b) If a licensed dealer or wholesaler has been granted distribution rights by a brewer for a brand in a designated territory and is unable to service the designated sales territory for reasons that are not the result of an action by the brewer, or in the event of a termination, cancellation, discontinuance or failure to renew a distribution agreement between a brewer and a licensed dealer or wholesaler for reasons set forth in section 23-1105 , Idaho Code, such as insolvency, loss of licensure or fraud and in accordance with the provisions of chapter 11, title 23 , Idaho Code, a brewer shall be allowed to appoint a temporary licensed dealer or wholesaler to service the brewer’s brands in the designated sales territory and, for a period not to exceed five (5) years, to have any financial interest in the temporary licensed dealer or wholesaler; or
(c) If a licensed dealer or wholesaler is voluntarily selling its distribution rights, a brewer whose brand distribution rights are being transferred may have any financial interest in the purchasing distributor for a period not to exceed five (5) years to assist in financing the purchase.
(2) It shall be unlawful for any licensed wholesaler or dealer, directly or indirectly, or through an affiliate, subsidiary, officer, director, agent or employee to have any financial interest in a licensed brewer’s business, or to own or control any real property upon which a licensed brewer conducts business. This section shall not apply to a noncontrolling de minimis interest in stock held in a publicly traded company including mutual funds.
[23-1032, added 2014, ch. 244, sec. 1, p. 613; am. 2024, ch. 279, sec. 3, p. 958.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 23-1032
What does Idaho Statutes § 23-1032 cover?
Section 23-1032 ("FINANCIAL INTEREST IN DEALER OR WHOLESALER PROHIBITED") is part of the Idaho Statutes, the codified statutory law of Idaho. 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 Idaho § 23-1032?
A common citation format is "Idaho Statutes § 23-1032" (Idaho). 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 Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 23-1032 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho 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 Idaho.