32B-11-609.  Notifying department of change in ownership.
     The commission may suspend, revoke, or deem forfeited a local industry representative license if a local industry representative licensee does not notify the department, within 60 days after the day on which the change occurs, of a change in:

(1)  ownership of the business;

Terms Used In Utah Code 32B-11-609

  • Commission: means the Alcoholic Beverage Services Commission created in Section 32B-2-201. See Utah Code 32B-1-102
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Department: means the Department of Alcoholic Beverage Services created in Section 32B-2-203. See Utah Code 32B-1-102
  • Industry representative: means an individual who is compensated by salary, commission, or other means for representing and selling an alcoholic product of a manufacturer, supplier, or importer of liquor. See Utah Code 32B-1-102
  • License: means :
(a) a retail license;
(b) a sublicense;
(c) a license issued in accordance with 4;
(d) a license issued in accordance with Chapter 11, Manufacturing and Related Licenses Act;
(e) a license issued in accordance with Chapter 12, Liquor Warehousing License Act;
(f) a license issued in accordance with Chapter 13, Beer Wholesaling License Act; or
(g) a license issued in accordance with Chapter 17, Liquor Transport License Act. See Utah Code 32B-1-102
  • Licensee: means a person who holds a license. See Utah Code 32B-1-102
    • (2)  for a corporate owner, the:

    (a)  corporate officers or directors; or

    (b)  shareholders holding at least 20% of the total issued and outstanding stock of the corporation; or

    (3)  for a limited liability company:

    (a)  managers; or

    (b)  members owning at least 20% of the limited liability company.

    Amended by Chapter 371, 2023 General Session

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