SSB 5156 -
By Committee on State Government & Tribal Affairs
ADOPTED 04/11/2011
On page 11, after line 15, insert the following:
"Sec. 6 RCW 66.28.290 and 2009 c 506 s 3 are each amended to read
as follows:
(1) Notwithstanding any prohibitions and restrictions contained in
this title, it shall be lawful for an industry member or affiliate to
have a direct or indirect financial interest in another industry member
or a retailer, and for a retailer or affiliate to have a direct or
indirect financial interest in an industry member unless such interest
has resulted or is more likely than not to result in undue influence
over the retailer or the industry member or has resulted or is more
likely than not to result in an adverse impact on public health and
safety. The structure of any such financial interest must be
consistent with subsection (2) of this section.
(2) Subject to subsection (1) of this section and except as
provided in RCW 66.28.295:
(a) An industry member in whose name a license or certificate of
approval has been issued pursuant to this title may wholly own or hold
a financial interest in a separate legal entity licensed pursuant to
RCW 66.24.320 through 66.24.570 and section 1 of this act, but may not
have such a license issued in its name; and
(b) A retailer in whose name a license has been issued pursuant to
this title may wholly own or hold a financial interest in a separate
legal entity licensed or holding a certificate of approval pursuant to
RCW 66.24.170, 66.24.206, 66.24.240, 66.24.244, 66.24.270(2),
66.24.200, or 66.24.250, but may not have such a license or certificate
of approval issued in its name; and
(c) A supplier in whose name a license or certificate of approval
has been issued pursuant to this title may wholly own or hold a
financial interest in a separate legal entity licensed as a distributor
or importer under this title, but such supplier may not have a license
as a distributor or importer issued in its own name; and
(d) A distributor or importer in whose name a license has been
issued pursuant to this title may wholly own or hold a financial
interest in a separate legal entity licensed or holding a certificate
of approval as a supplier under this title, but such distributor or
importer may not have a license or certificate of approval as a
supplier issued in its own name."
Renumber the remaining sections consecutively and correct any internal references accordingly.
Correct the title.
EFFECT: Adds the VIP airport lounge operator license to the list of retailer licenses in which an industry member (manufacturer, distributor, and importer) may own an interest under a tied house law.