Transfer Alcohol From Surrendered License

Alcohol regulation - remaining alcohol beverage inventory - sale to retail licensee with common ownership. The act 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, had the license revoked, or lost legal possession of the premises 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 this bill as enacted.)