Thursday, May 17, 2007

TEXAS ABOLISHES RESIDENCY LAW

Texas has officially done away with its residency law which means Southern is likely to make a move. Previously, Texas law required owners of a distributorship (or 51% of the company) to live in a state for at least a year before obtaining a wholesaler license. That law is no longer applicable.

Where Glazer’s and Republic National were once the main wine and spirits wholesalers in the state, it looks like they’re going to have to make room for one more.