Current Status Introducing Body:
HouseBill Number: 3174Ratification Number: 140Act Number: 78Primary Sponsor: FelderType of Legislation: GBSubject: Beer operations, ownership and financial interest definedDate Bill Passed both Bodies: 19930512Computer Document Number: NO5/8751BD.93Governor's Action: SDate of Governor's Action: 19930524Introduced Date: 19930119Date of Last Amendment: 19930325Last History Body: ------Last History Date: 19930524Last History Type: Act No. 78Scope of Legislation: StatewideAll Sponsors: FelderType of Legislation: General Bill
Bill Body Date Action Description CMN Leg Involved ---- ------ ------------ ------------------------------ --- ------------ 3174 ------ 19930524 Act No. 78 3174 ------ 19930524 Signed by Governor 3174 ------ 19930518 Ratified R 140 3174 House 19930512 Concurred in Senate amendment, enrolled for ratification 3174 Senate 19930429 Read third time, returned to House with amendment 3174 Senate 19930325 Amended, read second time, ordered to third reading with notice of general amendments 3174 Senate 19930324 Committee Report: Favorable 11 with amendment 3174 Senate 19930303 Introduced, read first time, 11 referred to Committee 3174 House 19930302 Read third time, sent to Senate 3174 House 19930225 Read second time 3174 House 19930224 Committee Report: Favorable 26 3174 House 19930119 Introduced, read first time, 26 referred to CommitteeView additional legislative information at the LPITS web site.
(A78, R140, H3174)
AN ACT TO AMEND SECTION 61-9-315, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REGULATION OF BEER MANUFACTURERS, BREWERS, IMPORTERS, WHOLESALERS, AND RETAILERS, SO AS TO DEFINE OWNERSHIP AND FINANCIAL INTEREST IN BEER OPERATIONS AS REGARDS TIERS IN THE INDUSTRY.
Be it enacted by the General Assembly of the State of South Carolina:
Definition of ownership and financial interest in beer operations
SECTION 1. Section 61-9-315(E) of the 1976 Code is amended to read:
"(E) A manufacturer, brewer, and importer of beer are declared to be in business on one tier, a wholesaler on another tier, and a retailer on another tier. A person or an entity in the beer business on one tier, or anyone acting directly or indirectly on his behalf, may not have ownership or financial interest in the beer business operation on another tier. This limitation does not apply to the interest held on July 1, 1980, by the holder of a wholesale permit in a business operated by the holder of a retail permit at premises other than where the wholesale business is operated. Ownership or financial interest within the meaning of this subsection does not include the ownership of less than one percent of the stock in a corporation with a class of voting shares registered with the Securities and Exchange Commission or other federal agency under Section 12 of the Securities and Exchange Act of 1934, as amended, or a consulting agreement under which the consultant has no control over business decisions and whose compensation is unrelated to the profits of the business."
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 24th day of May, 1993.