1. (1) Definitions. In this section, “ownership interest” includes, but is not limited to, any ownership in a sole proprietorship, partnership, corporation, limited liability company, or estate as an individual, partner, shareholder, member and includes an interest in a trust as a trustee or trust beneficiary.
2. (2) Ownership interests of restricted investors. For purposes of s. 125.20 (6) (a) 1., Stats., any determination whether a person holds more than a 10 percent ownership interest in a licensee or permittee shall include ownership interests in the licensee or permittee held directly or indirectly by entities connected to the person. All ownership interests in the licensee or permittee that are held or connected to the person shall be aggregated.

3. (3) Marriage affidavits, prenuptial agreements, and marital property agreements. To be considered a permissible interest under s. 125.20 (6) (c), Stats., a prenuptial agreement or marital property agreement submitted to a municipal clerk or the division under s. 125.20 (6) (c) 3., Stats., shall explicitly state that the licensed or permitted business is the individual property of a spouse and is not marital property.

   Note: Section 125.04 (3) (h), Stats., provides that within 30 days of any change in any fact set out in an application for a license or permit to sell alcohol beverages, the licensee or permittee shall file with the issuing authority a written description of the changed fact, including any change in restricted investors under s. 125.20 (6) (a) 5., Stats.

History

History: EmR2419: emerg. cr., eff. 12-14-24; CR 25-050: cr. Register December 2025 No. 840, eff. 1-1-26.; correction in (3) made under s. 35.17, Stats., Register December 2025 No. 840