Sec. 30-31. Sale of warehouse receipts for alcoholic beverages.
Sec. 30-31. Sale of warehouse receipts for alcoholic beverages. Any bank, trust
company or financial institution owning or possessing warehouse receipts for alcoholic
beverages acquired as security for a loan may sell such warehouse receipts to a permittee
authorized to sell such alcoholic beverages or such warehouse receipts. Any sale or sales
made under the provisions of this section shall be subject to approval by the Department
of Consumer Protection.
(1949 Rev., S. 4251; P.A. 77-614, S. 165, 587, 610; P.A. 78-303, S. 80, 85, 136; P.A. 80-482, S. 4, 170, 191, 345, 348;
P.A. 95-195, S. 34, 83; June 30 Sp. Sess. P.A. 03-6, S. 146(d); P.A. 04-169, S. 17; 04-189, S. 1.)
History: P.A. 77-614 and P.A. 78-303 replaced liquor control commission with division of liquor control within the
department of business regulation, effective January 1, 1979; P.A. 80-482 made division of liquor control an independent
department and abolished the department of business regulation, overriding provision of same act which would have
placed the division within the public safety department; P.A. 95-195 substituted Department of Consumer Protection for
Department of Liquor Control, effective July 1, 1995; June 30 Sp. Sess. P.A. 03-6 and P.A. 04-169 replaced Department
of Consumer Protection with Department of Agriculture and Consumer Protection, effective July 1, 2004; P.A. 04-189
repealed Sec. 146 of June 30 Sp. Sess. P.A. 03-6, thereby reversing the merger of the Departments of Agriculture and
Consumer Protection, effective June 1, 2004.
Cited. 184 C. 75.