1. (a)

   1. (1) Subject to subsections (b) and (c) of this section, the Board may issue to an individual or for the use of a person not more than three Class B beer, wine, and liquor restaurant licenses.
   2. (2) The licenses specified in paragraph (1) of this subsection are for separate premises.
   3. (3) Only one of the licenses specified in paragraph (1) of this subsection may authorize the sale of alcohol for off-premises consumption.

2. (b)

   1. (1) Subject to paragraph (2) of this subsection, a person may not have a direct or indirect interest in more than three Class B beer, wine, and liquor restaurant licenses.
   2. (2) A person may not have a direct or indirect interest in more than one Class B beer, wine, and liquor restaurant license that authorizes the sale of alcohol for off-premises consumption.

3. (c) An indirect interest is presumed to exist between any combination of persons if any of the following conditions exist between them:

   1. (1) a common parent company;
   2. (2) a franchise agreement;
   3. (3) a licensing agreement;
   4. (4) a concession agreement;
   5. (5) dual membership in a chain of businesses commonly owned and operated;

   6. (6)

      1. (i) a sharing of directors, stockholders, partners, or members; or
      2. (ii) a sharing of directors, stockholders, partners, or members of parents or subsidiaries;
   7. (7) common direct or indirect sharing of profit from the sale of alcoholic beverages; or
   8. (8) a sharing of a common trade name, trademark, logo, or theme or mode of operation identifiable by the public.

Added by Acts 2025, c. 840, § 1, eff. July 1, 2025.