Utah Code 32B-13-302. Notifying the department of a change of ownership

The commission may suspend or revoke a beer wholesaling license if a beer wholesaler licensee does not immediately notify the department of change in:

(1)	ownership of the beer wholesaler licensee;

Terms Used In Utah Code 32B-13-302

Beer: means a product that:

(i)

contains:

(A)

at least . See Utah Code 32B-1-102

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

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.

Enacted by Chapter 276, 2010 General Session

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