§ 32B-13-302. Notifying the department of a change of ownership.

The commission may suspend or revoke a beer wholesaling license if a beer wholesaler licensee does not immediately notify the department of change in: (1) ownership of the beer wholesaler licensee; (2) for a corporate owner, the: (a) corporate officers or directors; or (b) shareholders holding at least 20% of the total issued and outstanding stock of the corporation; or (3) for a limited liability company: (a) managers; or (b) members owning at least 20% of the limited liability company.