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
Title 3 - Licenses and Permits
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