Utah Code Ann. § 32B-7-405
Notifying department of change of ownership.
Effective May 9, 2017Enacted by Chapter 455, 2017 General Session
The commission may suspend or revoke an off-premise beer retailer state license if an off-premise beer retailer state licensee does not immediately notify the department of a change in:
- (1) ownership of the licensee's business;
- (2) for a corporate owner, a shareholder holding at least 20% of the total issued and outstanding stock of the corporation; or
- (3) for a limited liability company, a member owning at least 20% of the limited liability company.
Enacted by Chapter 455, 2017 General Session