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2011 Utah Code
Title 32B Alcoholic Beverage Control Act
Chapter 8a Transfer of Retail License Act
Section 403 (Effective 07/01/12) Statement by transferee.
32B-8a-403 (Effective 07/01/12). Statement by transferee.
(1) Within 30 days after the filing of a transfer application under Section 32B-8a-302 for transfer of a retail license, the transferee shall file with the department a statement executed under penalty of perjury that the consideration as set forth in the escrow agreement required by Section 32B-8a-401 is deposited with the escrow holder.
(2) At the time the statement described in Subsection (1) is filed with the department, the transferee shall submit a copy of the statement to:
(a) the transferor; and
(b) the escrow holder.
(3) The department may extend the 30-day period specified by this section for a period not to exceed an additional 30 days, except that a retail license may not be transferred until the statement required by this section is received by the department.
(4) This section does not apply to a transfer for which a guaranty of payment is filed pursuant to Section 32B-8a-404.
(1) Within 30 days after the filing of a transfer application under Section 32B-8a-302 for transfer of a retail license, the transferee shall file with the department a statement executed under penalty of perjury that the consideration as set forth in the escrow agreement required by Section 32B-8a-401 is deposited with the escrow holder.
(2) At the time the statement described in Subsection (1) is filed with the department, the transferee shall submit a copy of the statement to:
(a) the transferor; and
(b) the escrow holder.
(3) The department may extend the 30-day period specified by this section for a period not to exceed an additional 30 days, except that a retail license may not be transferred until the statement required by this section is received by the department.
(4) This section does not apply to a transfer for which a guaranty of payment is filed pursuant to Section 32B-8a-404.
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