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: corporate officers or directors; or shareholders holding at least 20% of the total issued and outstanding stock of the corporation; or
(3) for a limited liability company: managers; or members owning at least 20% of the limited liability company.