Posts Tagged ‘restaurants and bars in Texas’
I’m selling my restaurant or bar. It has a mixed beverage permit. Is the mixed beverage permit transferable?
Posted by: David Leon in Business law on March 8th, 2009
No. Section 28.04 of the Texas Alcoholic Beverage Code states: A mixed beverage permit held by a corporation may not be renewed if the commission or administrator finds that legal or beneficial ownership of over 50 percent of the stock of the corporation has changed since the time the original permit was issued.
