Washington Administrative Code
Title 314 - Liquor and Cannabis Board
Chapter 314-07 - How to Apply for and Maintain a Liquor License
Section 314-07-080 - Ownership changes
Current through Register Vol. 24-06, March 15, 2024
(1) Licensees must receive prior board approval before making any of the following ownership changes (see WAC 314-07-035 for the definition of "true party of interest"):
|
Type of change |
Type of application |
Fee |
|
Change in the qualifying persons in a: Sole proprietorship, general partnership, limited partnership, or limited liability partnership. |
New application |
Annual fee for current license privilege. |
|
Change in the qualifying persons for a publicly or privately held corporation. The board will waive the fee for a corporate change when the proposed change consists solely of dropping an approved officer. |
Application for change in corporate officer and/or stockholder |
$75 |
|
Change in the qualifying persons in a limited liability company. |
Application for change of limited liability company member and/or manager |
$75 |
(2) The board may inquire into all matters in connection with any such sale of stock/units or proposed change in officers/members.
(3) The "proposed sale of more than ten percent of the stock/units" will be calculated as a cumulative total and must be reported to the board when the accumulation of stock/units transfers or newly issued stock/units totals more than ten percent of the outstanding and/or issued stock/units of the licensed corporation or limited liability company.
Statutory Authority: RCW 66.08.030 and 66.24.010. 10-10-126, § 314-07-080, filed 5/5/10, effective 6/5/10. Statutory Authority: RCW 66.08.030, 66.24.010, 66.24.015, and 66.24.025. 05-07-012, § 314-07-080, filed 3/4/05, effective 4/4/05.
