Texas Alcoholic Beverage Code - Section 28.14. Merger Or Consolidation Of Corporations Holding Mixed Beverage Permits
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§ 28.14. MERGER OR CONSOLIDATION OF CORPORATIONS HOLDING
MIXED BEVERAGE PERMITS. When two or more corporations which have
substantially similar ownership and which hold mixed beverage
permits issued by the commission merge or consolidate and pay to the
commission a $100 fee for each licensed premises, the surviving
corporation shall succeed to all the privileges of such
corporations in the permits held by such corporations provided the
surviving corporation is qualified to hold such permits under this
code. For purposes of this section, two corporations have
substantially similar ownership if 90 percent or more of both
corporations is owned by the same persons.
Added by Acts 1989, 71st Leg., 1st C.S., ch. 36, § 4, eff. Oct.
18, 1989.
Section: 28.08 28.081 28.09 28.10 28.11 28.12 28.13 28.14 28.15 28.16 28.17 28.18 29.01 29.02 29.03
Last modified: August 10, 2007
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