4 Del. Admin. Code Rule 907 – (Formerly Rule 43) A Rule Governing Employees of Supplier or Wholesaler Licensees | Midpage
Rule Rule 907
4 Del. Admin. Code Rule 907
(Formerly Rule 43) A Rule Governing Employees of Supplier or Wholesaler Licensees
Published Feb 1, 201619 DE Reg. 775 (02/01/16)Department of State
900 Trade Practices for Suppliers, Wholesales, and Retailers
Rule 907 (Formerly Rule 43) A Rule Governing Employees of Supplier or Wholesaler Licensees
1.0 Serving as an officer or director and/or being employed
1.1 No employee, officer, director, stockholder, member, owner or partner (nor the spouse thereof) of a wholesaler or supplier may at any time serve as an officer or director, and/or be employed in any capacity, with or without compensation by the holder of a license of any other type.
1.2 Nothing herein shall limit the right of an officer, director, stockholder, member, owner or partner (and the spouse thereof) of a wholesaler or supplier to serve as an officer or director of a club which is not operated for profit.