Section 32B-7-405 - Notifying department of change of ownershipThe commission may suspend or revoke an off-premise beer retailer state license if an off-premise beer retailer state licensee does not immediately notify the department of a change in:
(1) ownership of the licensee's business;(2) for a corporate owner, a shareholder holding at least 20% of the total issued and outstanding stock of the corporation; or(3) for a limited liability company, a member owning at least 20% of the limited liability company.Added by Chapter 455, 2017 General Session ,§ 63, eff. 5/9/2017.