§ 70.416 Application for approval of interlocking directors and officers under section 8 of the Federal Alcohol Administration Act.
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Title 27 CFR: Alcohol, Tobacco Products and Firearms › Chapter I: ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY › Part 70: PROCEDURE AND ADMINISTRATION › Subpart E: Procedural Rules Relating to Alcohol, Tobacco, Firearms, and Explosives › § 70.416: § 70.416 Application for approval of interlocking directors and officers under section 8 of the Federal Alcohol Administration Act.
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Any person who is an officer or director of a corporation now engaged in business as a distiller, rectifier, or blender of distilled spirits, or of an affiliate thereof, who desires to take office in other companies similarly engaged, must obtain permission to do so from the appropriate TTB officer. Applications for such permission to take office must be prepared and filed in accordance with instructions available from the appropriate TTB officer.
[T.D. ATF-450, 66 FR 29029, May 29, 2001]
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