Amend SB 1217 (house committee printing) as follows:
(1) In existing SECTION 5 of the bill (page 4, line 9), strike "The changes in law" and substitute "Except as otherwise
provided by this Act, the changes in law".
(2) Insert the following appropriately numbered SECTIONS to
the bill and renumber subsequent SECTIONS of the bill as
appropriate:
SECTION ____. Section 28.04(d), Alcoholic Beverage Code, is
amended to read as follows:
(d) This section does not apply to a change in corporate
control:
(1) brought about by the death of a shareholder if the
shareholder's [his] surviving spouse or descendants are the
shareholder's [his] successors in interest; or
(2) brought about when legal or beneficial ownership
of over 50 percent of the stock of the corporation has been
transferred:
(A) to a person who possesses the qualifications
required of other applicants for permits and is currently an
officer of the corporation and has been an officer of the
corporation ever since the date the original permit was issued; or
(B) if the permittee [pays a fee of $500 and]
notifies the commission, on completed forms and attachments
prescribed by the commission, of the proposed transfer [at least 10
days] prior to the date the transfer is to become effective and the
commission does not find that circumstances exist that would be
grounds for the denial of a renewal of the permit under Section
11.46 [of this code] and provided the ownership of the corporation
immediately after the transfer satisfies the requirements of this
code.
SECTION ____. The change in law made by this Act to Section
28.04, Alcoholic Beverage Code, applies to renewal of a mixed
beverage permit that expires on or after the effective date of this
Act, regardless of when legal or beneficial ownership of the
corporation holding the permit changed.