123.40 - EFFECT OF REVOCATION. - Iowa Statutes

123.40 EFFECT OF REVOCATION. Any liquor control licensee, wine permittee, or beer permittee whose license or permit is revoked under this chapter shall not thereafter be permitted to hold a liquor control license, wine permit, or beer permit in the state of Iowa for a period of two years from the date of revocation. A spouse or business associate holding ten percent or more of the capital stock or ownership interest in the business of a person whose license or permit has been revoked shall not be issued a liquor control license, wine permit, or beer permit, and no liquor control license, wine permit, or beer permit shall be issued which covers any business in which such person has a financial interest for a period of two years from the date of revocation. If a license or permit is revoked, the premises which had been covered by the license or permit shall not be relicensed for one year.          Section History: Early Form [C35, § 1921-f32, 1921-f123; C39, § 1921.032, 1921.125; C46, 50, 54, 58, 62, 66, 71, § 123.32, 124.30; C73, 75, 77, 79, 81, § 123.40]          Section History: Recent Form 85 Acts, ch 32, §33 Referred to in § 123.3, 123.50