32B-17-302. Notifying the department of change of ownership.
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/ut/title-32b/chapter-17/32b-17-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/14/2019
32B-17-302. Notifying the department of change of ownership.
The commission may suspend or revoke a liquor transport license if a liquor transport licensee does not immediately notify the department of a change in:
(1)ownership of the liquor transport service;
(2)for a corporate owner:
(a)the corporate officers or directors; 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)the managers; or
(b)the members owing at least 20% of the limited liability company.
Enacted by Chapter 403 , 2019 General Session