(1) The commission may suspend or revoke a retail license if the retail licensee does not immediately notify the department of a change in: (a) ownership of the retail license; (b) the entity that manages the retail licensee or a premises licensed under this chapter; (c) for a corporate owner, the: (i) corporate officers or directors of the retail licensee; or (ii) shareholders holding at least 20% of the total issued and outstanding stock of the corporation; or (d) for a limited liability company: (i) managers of the limited liability company; or (ii) members owning at least 20% of the limited liability company.
(a) ownership of the retail license;
(b) the entity that manages the retail licensee or a premises licensed under this chapter;
(c) for a corporate owner, the: (i) corporate officers or directors of the retail licensee; or (ii) shareholders holding at least 20% of the total issued and outstanding stock of the corporation; or
(i) corporate officers or directors of the retail licensee; or
(ii) shareholders holding at least 20% of the total issued and outstanding stock of the corporation; or
(d) for a limited liability company: (i) managers of the limited liability company; or (ii) members owning at least 20% of the limited liability company.
(i) managers of the limited liability company; or
(ii) members owning at least 20% of the limited liability company.
(2) Notwithstanding any other provision of this title, in connection with an event described in Section 32B-8a-202 or an asset sale of a retail licensee, the parties to the transaction may enter into an inventory transfer agreement.
(3) A retail licensee may enter into an interim alcoholic beverage management agreement that provides: (a) all proceeds, less cost of goods sold, from the sale of alcohol shall accrue to the current retail licensee; and (b) for the duration of the agreement, the current retail licensee: (i) shall comply with the requirements of this title that are applicable to the retail license; and (ii) in accordance with this title, is subject to disciplinary action by the commission for any violation of this title.
(a) all proceeds, less cost of goods sold, from the sale of alcohol shall accrue to the current retail licensee; and
(b) for the duration of the agreement, the current retail licensee: (i) shall comply with the requirements of this title that are applicable to the retail license; and (ii) in accordance with this title, is subject to disciplinary action by the commission for any violation of this title.
(i) shall comply with the requirements of this title that are applicable to the retail license; and
(ii) in accordance with this title, is subject to disciplinary action by the commission for any violation of this title.
(4) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the department may make rules governing the requirements of: (a) an inventory transfer agreement; and (b) an interim alcoholic beverage management agreement.
(a) an inventory transfer agreement; and
(b) an interim alcoholic beverage management agreement.
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