N.M. Admin. Code § 15.11.27.13 - PROHIBITED TRANSFERS
A. This
rule does not authorize the transfer of any stock or other ownership interest
of any licensee whose license is not otherwise transferable under the
provisions of the act.
B. The
director, upon notification of any change in ownership or structure, may
require any entity or person who has obtained an interest in any license, or
other entity, to complete an application and provide all documents and
information the director deems necessary to ensure full disclosure and
qualification of all persons and entities.
C. No license will be issued when the
applicant is delinquent in the payment of any taxes, fees, fines, costs or
penalties collected by the state of New Mexico, the liability for which arises
out of the exercise of the privilege of a liquor license; or if citations for
violations of the act are unresolved at the time of filing the application,
unless the licensee and the division are involved in a formal administrative or
judicial resolution process.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.