32B-18-205. Management agreements -- Inventory transfers.
(1) A management agreement may provide for the sharing of revenue from a business utilizing an alcohol license, including revenue from the sale of an alcoholic product, if, regardless of which party holds the alcohol license, neither the owner nor operator is disqualified from holding the license for a previous violation of this title. The parties to a management agreement shall submit to the department: a copy of the management agreement; and any other information the department requires. If there is a material change to the management agreement submitted to the department under Subsection, the parties to the management agreement shall submit to the department the following within 30 days after the day on which the change occurs: (1)(b) a copy of the changed management agreement; and any other information the department requires.
(2) Notwithstanding any other provision of this title, in connection with a change of ownership described in Sectionor an asset sale of an alcohol licensee, the parties to the transaction may enter into an inventory transfer agreement. 32B-18-202 The inventory transfer agreement described in Subsectionmay allow for the transfer of inventory between parties regardless of whether the parties hold or are applying for the same retail license. (2)(a)
(3) In accordance with this section and, the commission may make rules governing the requirements of: Title 63G, Chapter 3, Utah Administrative Rulemaking Act a management agreement; or an inventory transfer agreement.