Effective 6/1/2022
32B-18-401. License not to be pledged as security — Prohibited changes, transfers, and moves.
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