Vermont § 203 - Restrictions; financial interests; employees

§ 203. Restrictions; financial interests; employees

• (a)(1) Except as provided in section 271 of this title, a packager, manufacturer, or rectifier licensed in Vermont or in another state;
  a certificate of approval holder; or a wholesale dealer shall not have any financial
  interest in the business of a first-, second-, or third-class licensee, and a first-,
  second-, or third-class licensee shall not have any financial interest in the business
  of a packager, manufacturer, or rectifier licensed in Vermont or in another state;
  a certificate of approval holder; or a wholesale dealer. (2) Notwithstanding subdivision (1) of this subsection and except as otherwise provided
  in section 271 of this title, a manufacturer of malt beverages may have a financial interest in the business of
  a first- or second-class license, and a first- or second-class licensee may have a
  financial interest in the business of a manufacturer of malt beverages, provided the
  first- or second-class licensee does not purchase, possess, or sell the malt beverages
  produced by a manufacturer with which there is any financial interest. Any manufacturer
  of malt beverages that has a financial interest in a first- or second-class licensee
  and any first- or second-class licensee that has a financial interest in a manufacturer
  of malt beverages, as permitted under this subdivision, shall provide to the Division
  of Liquor Control and the applicable wholesale dealer written notification of that
  financial interest and the licensees involved. A wholesale dealer shall not be in
  violation of this section for delivering malt beverages to a first- or second-class
  licensee that is prohibited from purchasing, possessing, or selling those malt beverages
  under this section.