LegalFix
Sign In

Section 61.85. Disposal of Stock on Termination of License

TX Alco Bev Code § 61.85 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 61.85. DISPOSAL OF STOCK ON TERMINATION OF LICENSE.

Text of subsection effective until September 01, 2021

(a) A person whose license is cancelled or forfeited may, within 30 days of the cancellation or forfeiture, make a bulk sale or disposal of any stock of beer on hand at the time of the cancellation or forfeiture.

Text of subsection effective on September 01, 2021

(a) A person whose license is cancelled or forfeited may, within 30 days of the cancellation or forfeiture, make a bulk sale or disposal of any stock of malt beverages on hand at the time of the cancellation or forfeiture.

(b) The authority of the commission to promulgate rules relating to the disposal of beverages in bulk on the suspension or cancellation of a license or on the death, insolvency, or bankruptcy of a licensee is covered by Section 11.69 of this code.

Acts 1977, 65th Leg., p. 473, ch. 194, Sec. 1, eff. Sept. 1, 1977.

Amended by:

Acts 2019, 86th Leg., R.S., Ch. 1359 (H.B. 1545), Sec. 204, eff. September 1, 2021.

Previous Section
Section 61.84. Activities Prohibited During Cancellation or Suspension
Next Section
Section 61.86. Discipline for Actions of Agent; Records Retention