§ 32B-5-310. Notifying department of change in ownership.

Latest version.

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

(1)	ownership of the premises of the retail license;

(2)

for a corporate owner, the:

(a)	corporate officers or directors of the retail licensee; 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 of the limited liability company; or

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

Enacted by Chapter 276, 2010 General Session

                    
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