Texas Statutes
Subchapter C. Cancellation and Suspension of Licenses
Section 61.85. Disposal of Stock on Termination of License

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

Structure Texas Statutes

Texas Statutes

Alcoholic Beverage Code

Title 3 - Licenses and Permits

Subtitle B - Licenses

Chapter 61 - Provisions Generally Applicable to Licenses

Subchapter C. Cancellation and Suspension of Licenses

Section 61.71. Grounds for Cancellation or Suspension: Retail Dealer

Section 61.711. Retail Dealer: Conviction of Offense Relating to Discrimination

Section 61.712. Grounds for Cancellation or Suspension: Sales Tax

Section 61.713. Cancellation for Improper Display or Use of License

Section 61.72. Suspension or Cancellation: Retailer: Premises

Section 61.721. Cancellation of Permit or License in Certain Municipalities

Section 61.73. Retail Dealer: Credit Purchase or Dishonored Check

Section 61.74. Grounds for Cancellation or Suspension: Distributor

Section 61.75. Suspension of Brewer's License

Section 61.76. Suspension Instead of Cancellation

Section 61.761. Alternatives to Suspension, Cancellation

Section 61.77. Certain Acts Also Violations of Code

Section 61.78. Violator Not Excused by Cancellation or Suspension

Section 61.79. Notice of Hearing: Denial, Cancellation, or Suspension of License

Section 61.80. Hearing for Cancellation or Suspension of License

Section 61.81. Appeal From Cancellation or Suspension of License

Section 61.82. May Not Restrain Suspension Order

Section 61.83. Cancellation or Suspension: When Effective

Section 61.84. Activities Prohibited During Cancellation or Suspension

Section 61.85. Disposal of Stock on Termination of License

Section 61.86. Discipline for Actions of Agent; Records Retention

Section 61.87. Affirmation of Compliance