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Texas Alcoholic Beverage Code

§ 61.85 — DISPOSAL OF STOCK ON TERMINATION OF LICENSE

AL § 61.85Title 3. LICENSES AND PERMITS · Part B. LICENSES · Ch. 61. PROVISIONS GENERALLY APPLICABLE TO LICENSES · Art. C. CANCELLATION AND SUSPENSION OF LICENSES

Statute text

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(a)A person whose license is cancelled or forfeited may, within 30 days of the cancellation or forfeiture, make a bulk sale or disposal of any stock of malt beverages on hand at the time of the cancellation or forfeiture.
(b)The authority of the commission to promulgate rules relating to the disposal of beverages in bulk on the suspension or cancellation of a license or on the death, insolvency, or bankruptcy of a licensee is covered by Section 11.69 of this code. Acts 1977, 65th Leg., p. 473, ch. 194, Sec. 1, eff. Sept. 1, 1977. Amended by:

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 1359 (H.B. 1545), Sec. 204, eff. September 1, 2021.

Source: Texas Alcoholic Beverage Code § 61.85 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.