Section 185.16.41. Interest in a retail establishment.

         16.41(1) An industry member is prohibited, directly or indirectly, from:

            a.               Acquiring or holding a partial or complete ownership interest in a retail establishment.

            b.               Acquiring or holding an interest in the real or personal property owned, occupied or used by the retailer in the conduct of the retail establishment.

            c.               Acquiring a mortgage on the real or personal property owned by the retailer.

            d.               Guaranteeing any loan or paying a financial obligation of the retailer, including, but not limited to, personal loans, home mortgages, car loans, operating capital obligations, or utilities.

            e.              Providing financial, legal, administrative or other assistance to a retailer to obtain a license or permit.

         16.41(2) Reserved.

This rule is intended to implement Iowa Code sections 123.45 and 123.186.

[ARC 1992C, IAB 5/13/15, effective 6/17/15]