1. (a) In the event any permit or license granted under the code is cancelled, the permittee or licensee is authorized within 30 days thereafter to sell or dispose of in bulk to a permittee or licensee authorized to purchase and sell same the remainder of stock of alcoholic beverages on hand at the time of the cancellation.
2. (b) If a necessity exists for a longer period, written permission must be procured from the administrator. The application for such permission shall specify the reasons.
3. (c) No sale or disposition of liquor or beer may be made by either a permittee or licensee after the date on which the permit or license expires by reason of its own terms unless written permission is procured from the administrator.
4. (d) In all cases where alcoholic beverages are disposed of or sold in bulk as herein set out, a sworn inventory signed and acknowledged by both the seller and the purchaser shall be mailed to the administrator at Austin.
5. (e) No person shall dispose of any alcoholic beverages after the expiration or termination of a permit or license except in the manner and within the time as herein specified.

Source Note:The provisions of this §41.3 adopted to be effective January 1, 1976; amended to be effective September 18, 1978, 3 TexReg 3093.