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2021 Utah Code
Title 32B - Alcoholic Beverage Control Act
Chapter 5 - Retail License Act
Part 1 - General Provisions
Section 102 - Definitions.
Universal Citation: UT Code § 32B-5-102 (2021)
Effective 5/14/2019
32B-5-102. Definitions.
As used in this chapter:
Amended by Chapter 403, 2019 General Session
32B-5-102. Definitions.
As used in this chapter:
- (1) "Interim alcoholic beverage management agreement" means an agreement:
- (a) in connection with:
- (i) the transfer of a retail license; and
- (ii)
- (A) an asset sale of a retail licensee; or
- (B) a transfer of the management of a retail licensee to a new entity; and
- (b) under which the purchaser or the new management entity agrees to perform the operations of the retail licensee during the period that:
- (i) begins when:
- (A) the asset sale closes; or
- (B) the new management agreement is executed; and
- (ii) ends on the day after the day on which the commission approves the transfer of the retail license.
- (i) begins when:
- (a) in connection with:
- (2) "Inventory transfer agreement" means an agreement under which a retail licensee agrees to sell or otherwise transfer all or part of the retail licensee's inventory of alcoholic product.
Amended by Chapter 403, 2019 General Session
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