R19-3-211. Change of Ownership or Business Location

A license is not assignable or transferable. A license authorizes the entity described in the application to sell Lottery tickets only at the specific premise authorized by the Lottery. 1. If there is a change of business location or ownership as reportable in R19-3-210(A)(1) through (3) or R19-3- 210(B), a criminal charge as reportable in R19-3- 210(B)(2), or a change in liquor license status as reportable in R19-3-210(B)(5), the retailer shall: a. Surrender the license to the Director on the date of the event, b. Not sell any additional Lottery tickets, and c. Not allow the sale of Lottery products under a subcontract to avoid the repercussions of a change of status under this Section. 2. The retailer must notify the Lottery of a change in ownership or business location at least 10 business days before the change to receive appropriate credit for applicable inventory. 3. The new owner shall apply for a license according to R19-3-202.