SB18-138

SB18-138 - Transfer Alcohol From Surrendered License

Passed/Signed into Law
Concerning authorization for retail sellers of alcohol beverages for on-premises consumption to sell remaining inventory to another on-premises retail seller of alcohol beverages with whom there is common ownership when no longer licensed to sell alcohol beverages for on-premises consumption.

The bill allows persons with the following retail licenses to purchase alcohol beverages from another retail licensee when there is common ownership between the licensees and the seller has surrendered its license within the last 60 days:

 

  • Beer and wine;
  • Hotel and restaurant;
  • Tavern;
  • Retail gaming tavern;
  • Brew pub;
  • Club;
  • Arts nonprofit;
  • Racetrack;
  • Vintner's restaurant;
  • Distillery pub; or
  • Lodging and entertainment facility.

The seller must return all alcohol beverages bought on credit, allow wholesalers 30 days to purchase back inventory, have paid all wholesale bills, and sell to only one licensed premises. A wholesaler is prohibited from transporting the inventory from the seller's premises to the buyer's premises. The seller may transport the inventory.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: April 2, 2018
04/02/2018 - Governor Signed
03/22/2018 - Sent to the Governor
03/22/2018 - Signed by the Speaker of the House
03/21/2018 - Signed by the President of the Senate
03/15/2018 - Senate Considered House Amendments - Result was to Concur - Repass
03/14/2018 - House Third Reading Passed - No Amendments
03/13/2018 - House Second Reading Passed with Amendments - Committee, Floor
03/08/2018 - House Committee on Business Affairs and Labor Refer Amended to House Committee of the Whole
02/21/2018 - Introduced In House - Assigned to Business Affairs and Labor
02/16/2018 - Senate Third Reading Passed - No Amendments
02/15/2018 - Senate Second Reading Passed with Amendments - Committee
02/12/2018 - Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole
01/29/2018 - Introduced In Senate - Assigned to Business, Labor, & Technology