Interim alcoholic beverage management agreement definition

Interim alcoholic beverage management agreement means a management agreement:
Interim alcoholic beverage management agreement means an agreement:] [(a) in connection with:]
Interim alcoholic beverage management agreement means an agreement:

More Definitions of Interim alcoholic beverage management agreement

Interim alcoholic beverage management agreement means an agreement: 1391 (a) in connection with: 1392 (i) the transfer of a retail license; and 1393 (ii) (A) an asset sale of a retail licensee; or 1394 (B) a transfer of the management of a retail licensee to a new entity; and 1395 (b) under which the purchaser or the new management entity agrees to perform the 1396 operations of the retail licensee during the period that: 1397 (i) begins when: 1398 (A) the asset sale closes; or 1399 (B) the new management agreement is executed; and 1400 (ii) ends on the day after the day on which the commission approves the transfer of the 1401 retail license. 1402 (2) "Inventory transfer agreement" means an agreement under which a retail licensee 1403 agrees to sell or otherwise transfer all or part of the retail licensee's inventory of alcoholic 1404 product. 1405 Section 14. Section 32B-5-207 is amended to read: 1406 32B-5-207. Multiple retail licenses on same premises. 1407 (1) As used in this section, "sublicense premises" means the same as that term is 1408 defined in Sections 32B-8-102 and 32B-8b-102. 1409 (2) (a) The commission may not issue and one or more licensees may not hold more 1410 than one type of retail license for the same premises. 1411 (b) Notwithstanding Subsection (2)(a), the commission may issue and one or more 1412 licensees may hold more than one type of retail license for the same premises if: 1413 (i) the applicant or licensee satisfies the requirements for each retail license; 1414 (ii) the types of retail licenses issued or held are two or more of the following: 1415 (A) a restaurant license; 1416 (B) an on-premise beer retailer license that is not a tavern; and 1417 (C) an on-premise banquet license or a reception center license; and 1418 (iii) the retail licenses do not operate at the same time on the same day. 1419 (3) When one or more licensees hold more than one type of retail license for the same 1420 premises under Subsection (2)(b), the one or more licensees shall post in a conspicuous

Related to Interim alcoholic beverage management agreement

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