§ 32B-17-302. Notifying the department of change of ownership.

The commission may suspend or revoke a liquor transport license if a liquor transport licensee does not immediately notify the department of a change in: (1) ownership of the liquor transport service; (2) for a corporate owner: (a) the 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) the managers; or (b) the members owing at least 20% of the limited liability company.