Utah Code 32B-18-204. Notifying department of change in ownership
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The commission may suspend, revoke, or deem forfeited an alcohol license if the alcohol 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 entity holding the alcohol license;
Terms Used In Utah Code 32B-18-204
- Alcohol license: means :(1)(a)(i) a retail license;(1)(a)(ii) an off-premise beer retailer state license;(1)(a)(iii) a brewery manufacturing license;(1)(a)(iv) a distillery manufacturing license;(1)(a)(v) a winery manufacturing license;(1)(a)(vi) a liquor warehousing license; and(1)(a)(vii) a special use permit that is an industrial or manufacturing use permit. See Utah Code 32B-18-101
- Business entity: means a corporation, partnership, limited liability company, sole proprietorship, or similar entity. See Utah Code 32B-18-101
- 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 :
(62)(a) a retail license;(62)(b) a sublicense;(62)(c) a license issued in accordance with Chapter 7, Part 4, Off-premise Beer Retailer State License;(62)(d) a license issued in accordance with Chapter 11, Manufacturing and Related Licenses Act;(62)(e) a license issued in accordance with Chapter 12, Liquor Warehousing License Act;(62)(f) a license issued in accordance with Chapter 13, Beer Wholesaling License Act; or(62)(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:(2)(a) corporate officers or directors of the alcohol licensee; or(2)(b) shareholders holding at least 20% of the total issued and outstanding stock of the corporation; or(3) for a limited liability company:(3)(a) managers of the limited liability company; or(3)(b) members owning at least 20% of the limited liability company.