(A) No off-sale liquor license may be issued to any one person for more than one place in the city. Any person holding an interest in two or more licenses in the city shall be deemed to hold more than one license.
(B) For the purpose of this section, the term
INTEREST:
(1) Includes any pecuniary interest in the ownership, operation, management or profits of a retail liquor establishment, and a person who receives money from time to time directly or indirectly from a licensee, in the absence of consideration and excluding gifts or donations, has a pecuniary interest in the retail business; and
(2) Does not include loans; rental agreements; open accounts or other obligations held with or without security arising out of the ordinary and regular course of business of selling or leasing merchandise, fixtures, supplies to the establishment; an interest in a corporation owning or operating a hotel but having at least 150 or more rental units holding a liquor license in conjunction therewith; or 10% or less interest in any other corporation holding a license.
(C) In determining whether an “interest” exists, the transaction must have been bona fide and the reasonable value of the goods and things received as consideration for a payment by the licensee, and all other facts reasonably tending to prove or disprove the existence of a purposeful scheme or arrangement to evade the restrictions of this section must be considered.
(1989 Code, § 5.60, Subd. 1) Penalty, see § 112.999