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Connecticut Public Acts 1996

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Substitute Senate Bill No. 416



Be it enacted by the Senate and House of Representatives in General Assembly convened:

Subsection (a) of section 30-48a of the

general statutes is repealed and the following is substituted in lieu thereof:

(a) No person, and no backer as defined in section 30-1, AS AMENDED shall, except as hereinafter provided, acquire an interest in more than two alcoholic beverage retail permits, but nothing herein shall (1) require any such person who had, on June 8, 1981, such interest in more than two such permits to surrender, dispose of or release his interest in any such permit or permits nor shall it affect his right to continue to hold, use and renew such permits or (2) prohibit any such person who had, on June 8, 1981, such interest in more than two such permits from transferring his interest in such permits by inter vivos or testamentary disposition INCLUDING LIVING TRUSTS to his spouse or child, OR SUCH SPOUSE'S OR CHILD'S LIVING TRUST or prohibit such spouse or child from accepting such a transfer notwithstanding that such spouse or child may already hold another permit issued under the provisions of this chapter. Any such permit so transferred may be renewed by such transferee under the provisions of section 30-14a AS AMENDED. Except as provided in subdivision (1), a person shall be deemed to acquire an interest in a retail permit if an interest is owned by such person, such person's spouse, children, partners, or an estate, trust, or corporation controlled by such person or such person's spouse, children, or any combination thereof. The provisions of this subsection shall apply to any such interest without regard to whether such interest is a controlling interest. For the purposes of this subsection, "person" means (A) an individual, (B) a corporation or any subsidiary of a corporation or (C) any combination of corporations or individuals any of whom, or any combination of whom, owns or controls, directly or indirectly, more than five per cent of any entity which is a backer as defined in SAID section 30-1.

Approved May 8, 1996. Effective October 1, 1996.