Sec. 28.14. MERGER OR CONSOLIDATION OF CORPORATIONS HOLDING MIXED BEVERAGE PERMITS. When two or more corporations which have substantially similar ownership and which hold mixed beverage permits issued by the commission merge or consolidate and pay to the commission a $100 fee for each licensed premises, the surviving corporation shall succeed to all the privileges of such corporations in the permits held by such corporations provided the surviving corporation is qualified to hold such permits under this code. For purposes of this section, two corporations have substantially similar ownership if 90 percent or more of both corporations is owned by the same persons.
Added by Acts 1989, 71st Leg., 1st C.S., ch. 36, Sec. 4, eff. Oct. 18, 1989.
Structure Texas Statutes
Title 3 - Licenses and Permits
Chapter 28 - Mixed Beverage Permit
Section 28.01. Authorized Activities
Section 28.03. Information Required of Applicants
Section 28.04. Change in Corporate Control
Section 28.05. Renewal of Permit by Descendant or Surviving Spouse
Section 28.06. Possession of Alcoholic Beverage Not Covered by Invoice
Section 28.07. Purchase and Transportation of Alcoholic Beverages
Section 28.08. Refilling Containers Prohibited
Section 28.081. Substitution of Brand Without Consent of Consumer Prohibited
Section 28.09. Invalidation of Stamp
Section 28.10. Consumption Restricted to Premises; Exceptions
Section 28.1001. Pickup and Delivery of Alcoholic Beverages for Off-Premises Consumption
Section 28.101. Public Consumption
Section 28.11. Breach of Peace
Section 28.12. Sale of Malt Beverages to Permittee
Section 28.14. Merger or Consolidation of Corporations Holding Mixed Beverage Permits
Section 28.151. Possession of Certain Stamps
Section 28.16. Permit Ineligibility
Section 28.17. Summary Suspension