Sec. 61.14. ALTERING FORM OF BUSINESS ENTITY. (a) The holder of a license issued under this chapter, including a food and beverage certificate, may alter the form of the business entity that holds the license if the ownership of the newly created business entity is identical to the ownership of the former business entity.
(b) Before the 10th day preceding the date the holder of the license converts to a different form of business, the holder of the license shall:
(1) file notice with the commission on a form prescribed by the commission of the change in the form of the business entity; and
(2) pay a $100 fee for each licensed premises affected by the change in form of the business entity.
(c) After satisfying the requirements of Subsection (b) and establishing the newly created business entity, that entity may use the license and exercise any privileges granted by the license.
Added by Acts 1997, 75th Leg., ch. 961, Sec. 2, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Licenses and Permits
Chapter 61 - Provisions Generally Applicable to Licenses
Subchapter A. General Provisions
Section 61.01. License Required
Section 61.02. Nature of License; Succession on Death, Bankruptcy, Etc
Section 61.03. Expiration or Suspension of License
Section 61.031. Notification of Expired or Suspended License
Section 61.04. License Not Assignable
Section 61.05. Name of Business
Section 61.06. Privileges Limited to Licensed Premises; Deliveries
Section 61.07. Agent for Service
Section 61.08. Statement of Stock Ownership
Section 61.09. Change of Location
Section 61.10. Replacement of License
Section 61.111. Health Risks Warning Sign
Section 61.12. Restriction on Consumption
Section 61.13. Conduct Surety Bond
Section 61.14. Altering Form of Business Entity