1. (a) There is a bulk transfer permit.

2. (b) The Executive Director may issue the permit to a person:

   1. (1) whose alcoholic beverage license has expired or otherwise been discontinued; and
   2. (2) who applies for a permit within 60 days after the last day on which the license was effective.

3. (c)

   1. (1) The permit authorizes the holder, with or without consideration, to transfer to a license holder the alcoholic beverages stock on hand on the day of the transfer by sale, gift, inheritance, assignment, or otherwise.
   2. (2) The transfer of the alcoholic beverages stock to the license holder shall be completed in the period covered by the permit.

4. (d)

   1. (1) The permit:

      1. (i) covers only a specific transaction; and
      2. (ii) expires 10 days after it is issued.
   2. (2) If the permit holder shows an undue burden, the Executive Director may grant a reasonable extension of the permit.
5. (e) The permit fee is $200.

Added by Acts 2016, c. 41, § 2, eff. July 1, 2016. Amended by Acts 2023, c. 450, § 1, eff. July 1, 2023.