(A) Financial interests restricted.
(1) No person shall be appointed to, or employed by, the ABC Board if that person or a member of his or her household related to him or her by blood or marriage has or controls, directly or indirectly, a financial interest in any commercial alcoholic beverage enterprise, including any business required to have an ABC permit.
(2) The state’s Alcoholic Beverage Control Commission may exempt from this provision any person when the financial interest in question is so insignificant or remote that it is unlikely to affect the person’s official actions in any way.
(3) Exemptions may be granted only to individuals, not to groups or classes of people, and each exemption shall be in writing, be available for public inspection, and contain a statement of the financial interest in question.
(2003 Code, § 4-208.1)
(B) Self dealing. The provisions of G.S. § 14-234 shall apply to each ABC Board member.
(2003 Code, § 4-208.2)
(C) Dealing for family members. The ABC Board shall not contact or otherwise deal in any business matter so that a member’s spouse or any person related to him or her by blood to a degree of first cousin or closer in any way benefits, directly or indirectly, from the transaction unless:
(2003 Code, § 4-208.3)
(1) The member whose relative benefits from the transaction abstains from participating in any way, including voting, in the decision;
(2003 Code, § 4-208.3.1)
(2) The minutes of the meeting at which the final decision is reached specifically note the member whose spouse or relative is benefitted and the amount involved in each transaction;
(2003 Code, § 4-208.3.2)
(3) The next annual audit of the ABC Board specifically notes the member and the amount involved in each transaction occurring during the year covered by the audit; and
(2003 Code, § 4-208.3.3)
(4) The state’s Alcoholic Beverage Control Commission is notified of the transaction at least two weeks before final Board approval of the transaction.
(2003 Code, § 4-208.3.4)