Page:United States Statutes at Large Volume 48 Part 1.djvu/357

 73d C ONGRESS. SESS. II. CH. 4. JANUARY 24, 1934 . 331 licensee for less than the fair market value thereof. No wholesale Accepting favors or retail licensee shall receive or accept any loan or gift of money et e ., forbidden. from any such manufacturer or purchase from any such manu- facturer for less than the fair market value or upon a conditional sale agreement or chattel trust, or rent from, borrow or receive by gift from such manufacturer any equipment, furniture, fixtures or property, or accept or receive any service from such manufacturer for less than the fair market value thereof. Nothing herein con- E xtend ing credi t per - tained, however, shall prohibit the reasonable extension of credit by mit ted. a manu factur er for bever ages s old to a whol esale or ret ail li censee. When used in this section the word "manufacturer" shall include " Manuf actu rer" in- any stockholder holding directly or indirectly 25 per centum or more eludes stockholder . of the common stock or any officer of a manufacturer of beverages, if a corporation, whether licensed hereunder or not. This section shall Druggists exempt. not apply to retail licenses class E, or to the wholesale license held by a person not licensed hereunder owning an establishment for the manufacture of beverages. SEC. 19. If any wholesaler of beverages, whether licensed hereunder Wholesaler of bever- a ges . or not, by direct ownership, stock ownership, interlocking directors, Interest in retail busi- mortgage, or lien or by any other means shall have such a substantial fleas, etc ., forbidden. interest either direct or indirect in the business of any retail licensee or in the premises on which said business is conducted as in the judg- ment of the Board may tend to influence such licensee to purchase beverages from such wholesaler, the Board may in its discretion revoke the license issued in respect of the business in which such wholesaler is interested, subject to review by the Commissioners as her ei n pr ov id ed. No such wholesaler of beverages shall lend or Accepting favors. give any money to any retai l license e or sell to such licensee for less than the fair market value or upon a conditional sale agreement or chattel trust, or r ent, l oan or give to such licen see an y equi pment, furniture, fixtures or property, or give or sell any service to such licensee for less than the fair market value thereof. No retail licensee shall receive or accept any loan or gift of money from any such wholesaler or purchase froin any such wholesaler for less than the fair market value or upon a conditional sale agreement or chattel trust, or rent from, borrow or receive by gift from such wholesaler any equip ment, fur niture, f ixtures, or proper ty, or re ceive any service from such wholesaler for less than the fair market value thereof. Nothing herein contained, however, shall prohibit the reasonable Extending credit not extension of credit by a wholesaler for beverages sold to a retail prohibited . licensee. When used in this section the word " wholesaler " sh all include any s tockho lder h olding direc tly or indire ctly 2 5 per centum or more of the common stock or any officer of a wholesaler of beverages, if a corporation, whether licensed hereunder or not. This section shall not apply to retail licenses class E. SEC. 20. Licenses issued hereunder shall not authorize the sale Sale, etc., limitations. or delivery of beverages, with the exception of beer and light wines, to any person under the age of twenty-one ears, or beer or light M inors or intox icate d YP Y per sons. wines, to any perso n unde r the age of eighte en yea rs, ei ther f or his own use or for the use of any other person ; or the sale of beverages to any intoxicated person or to any person of notoriously intem- perate habits or to any person who appears to be intoxicated Ignorance of the age of any such minor shall not be a defense to any action instituted under this section. No licensee shall be liable to any person for damages claimed to arise from refusal to sell such alcoholic beverages. SEC. 21 . If any person holding a license under this Act shall become Licen sees bec oming bail for any person complained of for the violation of any provisions bail.
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