Section 401 – License not to be pledged as security — Prohibited changes, transfers, and moves.
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 […]
Section 402 – Effect of change, transfer, or move in violation of this chapter.
Effective 6/1/2022 32B-18-402. Effect of change, transfer, or move in violation of this chapter. (1) If an alcohol license is changed, transferred, or moved in violation of this chapter, the commission may: (a) void the change, transfer, or move; and (b) require the alcohol license to be forfeited. (2) Subsection (1) is in addition to […]