By Torres H.B. No. 1703 75R5747 PAM-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to altering the form of a business entity that is the 1-3 holder of an alcoholic beverage permit or license. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter A, Chapter 11, Alcoholic Beverage 1-6 Code, is amended by adding Section 11.12 to read as follows: 1-7 Sec. 11.12. ALTERING FORM OF BUSINESS ENTITY. (a) The 1-8 holder of a permit issued under this chapter, including a food and 1-9 beverage certificate, may alter the form of the business entity 1-10 that holds the permit if the ownership of the newly created 1-11 business entity is identical to the ownership of the former 1-12 business entity. 1-13 (b) Before the 10th day preceding the date the holder of the 1-14 permit converts to a different form of business, the holder of the 1-15 permit shall: 1-16 (1) file notice with the commission on a form 1-17 prescribed by the commission of the change in the form of the 1-18 business entity; and 1-19 (2) pay a $100 fee for each permitted premises 1-20 affected by the change in form of the business entity. 1-21 (c) After satisfying the requirements of Subsection (b) and 1-22 establishing the newly created business entity, that entity may use 1-23 the permit and exercise any privileges granted by the permit. 1-24 SECTION 2. Subchapter A, Chapter 61, Alcoholic Beverage 2-1 Code, is amended by adding Section 61.14 to read as follows: 2-2 Sec. 61.14. ALTERING FORM OF BUSINESS ENTITY. (a) The 2-3 holder of a license issued under this chapter, including a food and 2-4 beverage certificate, may alter the form of the business entity 2-5 that holds the license if the ownership of the newly created 2-6 business entity is identical to the ownership of the former 2-7 business entity. 2-8 (b) Before the 10th day preceding the date the holder of the 2-9 license converts to a different form of business, the holder of the 2-10 license shall: 2-11 (1) file notice with the commission on a form 2-12 prescribed by the commission of the change in the form of the 2-13 business entity; and 2-14 (2) pay a $100 fee for each licensed premises affected 2-15 by the change in form of the business entity. 2-16 (c) After satisfying the requirements of Subsection (b) and 2-17 establishing the newly created business entity, that entity may use 2-18 the license and exercise any privileges granted by the license. 2-19 SECTION 3. This Act takes effect September 1, 1997. 2-20 SECTION 4. The importance of this legislation and the 2-21 crowded condition of the calendars in both houses create an 2-22 emergency and an imperative public necessity that the 2-23 constitutional rule requiring bills to be read on three several 2-24 days in each house be suspended, and this rule is hereby suspended.