28.04 – CHANGE IN CORPORATE CONTROL. (a) A mixed beverage
Texas Alcoholic Beverage Code § 28.04
Summary
This law prohibits the renewal of a mixed beverage permit for corporations if more than 50% of the stock ownership has changed since the permit was originally issued. It affects corporations holding such permits and ensures regulatory oversight of ownership changes.
Renewal of permits is barred after significant ownership changes.
Applies to corporations holding mixed beverage permits.
Commission may establish rules for enforcement.
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In simple terms: Learn about Texas's CHANGE IN CORPORATE CONTROL. (a) A mixed beverage law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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