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Texas Alcoholic Beverage Code

§ 61.14 — ALTERING FORM OF BUSINESS ENTITY

AL § 61.14Title 3. LICENSES AND PERMITS · Part B. LICENSES · Ch. 61. PROVISIONS GENERALLY APPLICABLE TO LICENSES · Art. A. GENERAL PROVISIONS

Statute text

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(a)The holder of a license issued under this chapter, including a food and beverage certificate, may alter the form of the business entity that holds the license if the ownership of the newly created business entity is identical to the ownership of the former business entity.
(b)Before the 10th day preceding the date the holder of the license converts to a different form of business, the holder of the license shall:
(1)file notice with the commission on a form prescribed by the commission of the change in the form of the business entity; and
(2)pay a $100 fee for each licensed premises affected by the change in form of the business entity.
(c)After satisfying the requirements of Subsection (b) and establishing the newly created business entity, that entity may use the license and exercise any privileges granted by the license.

Legislative history

Added by Acts 1997, 75th Leg., ch. 961, Sec. 2, eff. Sept. 1, 1997.

Source: Texas Alcoholic Beverage Code § 61.14 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.