33:1-12.36 - Corporate licenses - New Jersey Statutes

33:1-12.36.  Corporate licenses
    Nothing in this act shall affect (a) the right of any person having a beneficial interest in a retail license or licenses to hold or acquire an interest of not more than 10% of any corporation the shares of which are traded  on a national securities exchange or regularly traded in an over-the-counter  market by one or more members of a national or affiliated securities  association or (b) the right of any person to hold or acquire an interest in a  corporation from his parent or grandparent provided such child or grandchild  does not have a beneficial interest in any retail license or licenses other  than those held by the corporation.

     L.1962, c. 152, s. 6.  Amended by L.1965, c. 197, s. 1, eff. Dec. 17, 1965.