The bill amends Section 3-6-15 of the General Laws in Chapter 3-6 entitled "Manufacturing and Wholesale Licenses" to prohibit manufacturers of intoxicating beverages from holding or having any interest in a wholesaler's license. The new legal language specifies that no manufacturer of intoxicating beverages, as defined in § 3-1-1, can directly or indirectly own, part-own, or be affiliated with a wholesaler's license through various means such as stock ownership, interlocking directorates, or financial guarantees.

The bill also includes a grandfather clause, allowing manufacturers who currently hold a wholesaler's license or have an interest in one as of the effective date of the act to retain and renew their existing licenses. However, it stipulates that these licenses cannot be transferred to a third party. The act is set to take effect immediately upon passage.

Statutes affected:
2487  SUB A: 3-6-15
2487: 3-6-15