TX ABC Denies Existence of One-Share Rule

The Texas Alcohol Beverage Commission (TABC) has responded to the accusations from McLane Company and Texas Association of Business (TAB), and the agency did not pull any punches. TABC motioned to dismiss a lawsuit filed by TAB, claiming the case is a "hypothetical, counter-factual scenario" based around a "fictitious" one-share rule.BACKGROUND. Recall, TAB and its member company McLane argued in court that TABC law stipulates that just one overlapping share of stock ownership across alcohol tiers, whether direct or indirect,