(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, 66.24.330, 66.24.350,
66.24.360, 66.24.371, 66.24.380, 66.24.395, 66.24.400, 66.24.425,
66.24.452, 66.24.495, 66.24.540, 66.24.550, 66.24.570, 66.24.580,
66.24.590, 66.24.600, and 66.24.610, 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 66.24.140, 66.24.170,
66.24.206, 66.24.240, 66.24.244, 66.24.270(2), 66.24.200, or66.24.250
, 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.
[2011 c 325 § 6; 2011 c 119 § 202; 2009 c 506 § 3.]
NOTES:
Reviser's note: This section was amended by 2011 c 119 § 202 and by 2011 c 325 § 6, each without reference to the other. Both amendments are incorporated in the publication of this section under RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).