CHAPTER 242

FORMERLY

HOUSE BILL NO. 566

AN ACT TO AMEND CHAPTER 5, TITLE 4, DELAWARE CODE, RELATING TO APPLICATION FOR A LICENSE TO PURCHASE ALCOHOLIC LIQUOR FOR RESALE.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Amend §522(b), Chapter 5, Title 4, Delaware Code, by striking said subsection (b) in its entirety and substituting in lieu thereof the following:

"(b) Any individual 20 years of age or older may apply for a license permitting the purchase of alcoholic liquors for resale. Any partnership may apply for a license permitting the purchase of alcoholic liquors for resale if such application is approved by a majority of the partners and each of the partners is 20 years of age or older. A corporation may apply for a license permitting the purchase of alcoholic liquors for resale if all the officers and directors of the corporation making the application are 20 years of age or older, and no stockholder under the age of 20 years owns or controls, either by himself or through a custodian, more than 25% of the outstanding shares of stock of the applicant corporation, with the further provision that no group so such minor stockholders and/or custodians may own or control in the aggregate, more than 45% of the stock of the applicant corporation."

Approved July 10, 1975