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Utah Code Title 32B. Alcoholic Beverage Control Act § 32B-18-201. Transferability of an alcohol license

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) An alcohol license:

(a) is not ascribed any value in the sale or transfer of a business entity or the business entity's assets;

(b) is neither tangible nor intangible property to the holder of the license; and

(c) is completely separate from other property of an alcohol licensee.

(2) The Legislature may terminate or modify the existence of any type of alcohol license.

(3) Except as provided in this part, a person may not sell, transfer, assign, exchange, barter, give, or attempt in any way to dispose of the alcohol license to another person whether for monetary gain or not.

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Cite this article: FindLaw.com - Utah Code Title 32B. Alcoholic Beverage Control Act § 32B-18-201. Transferability of an alcohol license - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-32b-alcoholic-beverage-control-act/ut-code-sect-32b-18-201/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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