Sec. 04.09.690. Inventory resale permit.

114 words·~1 min read·/ak/title-4/chapter-9/04-09-690

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)An inventory resale permit authorizes the holder to sell the remaining inventory of alcoholic beverages of a business when the owner of the business no longer has a valid license under this title.

(b)The fee for an inventory resale permit is $100.

(c)The holder of an inventory resale permit may sell the remaining alcoholic beverage inventory only to the holder of a valid license under this chapter.

(d)The director may issue an inventory resale permit for a period ending 90 days after the date of expiration or forfeiture of the license. The director may not issue a permit if the license was suspended or revoked.