02-27-08 A-2294-06T3
In this appeal, the court considered whether the Director
of the Division of Alcoholic Beverage Control was authorized to
allow the holders of a third liquor license -- possessed in
violation of the two-license limitation contained in N.J.S.A.
33:1-12.31 -- to retain the third license long enough to
transfer it. The court concluded that because, among other
things, the three licenses were held for six years in violation
of the statute, the Director should not have granted the
equitable remedy of permitting the holder to continue to hold
the license in order to sell it.
