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Bill 476

                    Current Status

Bill Number:                      476
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20010322
Primary Sponsor:                  Peeler
All Sponsors:                     Peeler, McConnell, Alexander, Bauer, 
                                  Giese, Matthews, Patterson, Glover, Branton, 
                                  Drummond, Elliott, Ford, Grooms, Hawkins, 
                                  Holland, Hutto, Mescher, O'Dell, Pinckney, 
                                  Rankin, Ravenel, Reese, Waldrep and Wilson
Drafted Document Number:          l:\council\bills\pt\1319dw01.doc
Companion Bill Number:            3479
Residing Body:                    Senate
Current Committee:                Judiciary Committee 11 SJ
Subject:                          Beer manufacturer, may hold interest in 
                                  limited partnership providing monies to 
                                  partner wholesaler when; Businesses


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20010405  Recommitted to Committee               11 SJ
------  20010405  Scrivener's error corrected
Senate  20010405  Co-Sponsor removed by Senator                  Land
                                                                 Saleeby
Senate  20010404  Committee report: Favorable            11 SJ
------  20010323  Companion Bill No. 3479
Senate  20010322  Introduced, read first time,           11 SJ
                  referred to Committee


              Versions of This Bill
Revised on April 4, 2001 - Word format
Revised on April 5, 2001 - Word format

COMMITTEE REPORT

April 4, 2001

    S. 476

Introduced by Senators Peeler, McConnell, Alexander, Bauer, Giese, Matthews, Patterson, Glover, Branton, Drummond, Elliott, Ford, Grooms, Hawkins, Holland, Hutto, Mescher, O'Dell, Pinckney, Rankin, Ravenel, Reese, Waldrep and Wilson

S. Printed 4/4/01--S.    [SEC 4/5/01 2:47 PM]

Read the first time March 22, 2001.

    To whom was referred a Bill (S. 476) to amend the Code of Laws of South Carolina, 1976, by adding Section 33-42-75 so as to provide that any manufacturer, brewer, or importer of beer or its affiliate, etc., respectfully

    That they have duly and carefully considered the same and recommend that the same do pass:

WILLIAM MESCHER for Committee.

EXPLANATION OF IMPACT:

    There would be no fiscal impact on the General Fund of the State nor on federal and/or other funds as a result of this legislation.

    Approved By:

    Don Addy

    Office of State Budget

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 33-42-75 SO AS TO PROVIDE THAT ANY MANUFACTURER, BREWER, OR IMPORTER OF BEER OR ITS AFFILIATE MAY HOLD AN INTEREST IN A LIMITED PARTNERSHIP PROVIDING FINANCIAL ASSISTANCE TO A GENERAL PARTNER WHOLESALER UNDER CERTAIN CONDITIONS, RESTRICTIONS, AND LIMITATIONS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    The 1976 Code is amended by adding:

    "Section 33-42-75.    (A)    Any manufacturer, brewer, or importer of beer or its affiliate may hold an interest in a limited partnership providing financial assistance to a general partner wholesaler, but may only exercise that control of the limited partnership business as is permitted by this Uniform Limited Partnership Act. However, in no event may the limited partner, directly or indirectly, have any managerial control or decision-making authority including personnel decisions, with respect to the day-to-day operations of the limited partnership, and upon a default by the general partner wholesaler, the limited partner is not entitled, directly or indirectly, to any additional control, ownership, or financial interest in the general partner wholesaler, nor may the limited partner become the general partner in the limited partnership. No manufacturer, brewer, or importer of beer or its affiliate licensed in this State, directly or indirectly, may have any financial or ownership interest in the general partner wholesaler.

    (B)    The only financial assistance that may be provided under the provisions of this section is the initial financial assistance to the limited partnership to acquire a licensed beer wholesaler. In this arrangement for financial assistance, the federal basic permit and the wholesaler's license issued by the department must be issued in the name of the general partner wholesaler on behalf of the limited partnership and not in the name of the limited partnership nor in the name of the manufacturer, brewer, or importer or its affiliate.

    (C)    The limited partnership may not exist for more than ten years from the date of its creation and may not be recreated, renewed, or extended beyond that date. The limited partnership shall not be considered as amending or otherwise altering Title 61 except for the limited purposes permitted in this section in connection with a manufacturer, brewer, or importer of beer or its affiliate who is licensed in this State providing the financial assistance. A manufacturer, brewer, or importer or its affiliate shall not mandate, directly or indirectly, that a wholesaler use the financial assistance as described in this section."

SECTION    2.    This act takes effect upon approval by the Governor.

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