32B-18-401. License not to be pledged as security -- Prohibited changes, transfers, and moves.
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Effective 6/1/2022
32B-18-401. License not to be pledged as security -- Prohibited changes, transfers, and moves.
(1)An alcohol licensee may not enter into any agreement under which the alcohol licensee pledges the alcohol license as security for a loan or as security for the fulfillment of any agreement.
(2)An alcohol licensee may not change, transfer, or move an alcohol license except as expressly permitted under this chapter.
Renumbered and Amended by Chapter 447 , 2022 General Session