Mich. Admin. Code R. 436.1113 - Wholesale license; minimum qualifications; corporate stock transfer

Rule 13.

(1) Before the issuance of a wholesale license, an applicant shall meet all of the following minimum qualifications, as applicable:

(a) The applicant shall hold the required basic permit issued under the federal alcohol administration act of 1935, 27 U.S.C., §201 et seq.

(b) If an individual, the applicant shall be of good moral character; if a partnership, each partner shall be of good moral character; if a limited liability company, each member shall be of good moral character; or if a privately held corporation, all stockholders, officers, and members of the board of directors shall be of good moral character.

(c) The applicant shall have facilities in which to store beer and wine on the licensed premises.

(d) If an individual, submit his or her fingerprints; if a partnership, submit the fingerprints of each partner; if a limited liability company, submit the fingerprints of each member and manager who owns 10% or more of the total interest of the limited liability company; or if a privately held corporation, submit the fingerprints of stockholders who own 10% or more of the corporate stock and the fingerprints of all officers.

(2) If a person who has not been fingerprinted by the commission applies to transfer to himself or herself 10% or more of the corporate stock, in the aggregate, of a privately held licensed wholesale corporation or 10% or more of the total interest, in the aggregate, of a wholesale limited liability company, then the commission shall investigate and fingerprint the person before the commission approves the stock transfer.

Notes

Mich. Admin. Code R. 436.1113

1979 AC; 2000 AACS