{"data":{"id":"us-ky/krs-243.630","jurisdiction":"us-ky","citation":"KRS 243.630","heading":"Transfer of license or acquisition of interest without authorization","body":"prohibited.\n(1) For purpose of this section, \"transfer\" means:\n(a) The  transfer to a new person or entity of ten percent (10%) or more\nownership interest in any licensed business or license;\n(b) The  transfer in bulk, and not in the ordinary course of business, of a\nmajor part of the fixtures, materials, supplies, merchandise, or other\ninventory of a licensee's business; or\n(c) The transfer of a business or license to a different premises.\n(2) Any  license issued to any person for any licensed premises shall not be\ntransferable or assignable to any other person or to any other premises or to\nany  other part of the building containing the licensed premises, unless a\ntransfer or assignment is authorized by the state administrator in the exercise\nof sound discretion.\n(3) A licensee shall not acquire or otherwise dispose of any interest in a licensed\npremises or any license issued by the department, by sale of assets, stock,\ninventory, control or right of control, or activities on the licensed premises\nwithout prior approval of the state administrator. The state administrator shall\ntreat a transfer applicant as a new applicant for qualification and discretion\npurposes.\n(4) Any acquisition of interest in a license without prior authorization shall be void.\n(5) All applications for approval of a transfer shall be made  in writing to the state\nadministrator having jurisdiction over the license.\n(6) Applications for approval of a transfer shall be made under oath or affirmation,\nshall be signed by both the transferor and the transferee, and shall contain any\nother information prescribed by the department.\n(7) The  appropriate state administrator shall deny or approve the application\nwhen,  in the sound discretion of the administrator, all of the necessary\ninformation has been  obtained or the applicant has refused to provide\nrequested information, but it shall not be acted upon before the end of the\npublic protest period outlined in KRS 243.360.\n(8) No  licensee or other person seeking to acquire an interest in an existing\nlicense shall transfer control or assume  control of any licensed premises by\nagreement or otherwise without the written consent of the state administrator of\nmalt beverages or the state administrator of distilled spirits or both.\n(9) A licensee shall not transfer its license or any interest in the license while any\nproceedings against the license or the licensee for a violation of any statute or\nadministrative regulation which may result in the suspension or revocation of\nthe license are pending.\n(10) A licensee shall not transfer its license or any interest it has in the license if the\nlicensee owes a debt on the inventory to a wholesaler responsible for the\ncollection and payment of the tax imposed under KRS 243.884.\n(11) A  licensee shall not transfer its license or any interest in the license if the\nlicensee owes the Commonwealth  of Kentucky for taxes as defined in KRS\n243.500(4). A transfer shall not take place until the department is notified by\nthe Kentucky Department of Revenue  that the licensee's indebtedness has\nbeen paid or resolved to the satisfaction of the Department of Revenue. This\nsection shall not prohibit a transfer of a license or an interest in a license by a\ntrustee in bankruptcy if all other requirements of this section are met.","path":["KRS Chapter 243"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=45980","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:54Z","sha256":"2bb4d8630bce25292b863b5a8136424dab5e9e07285f787714a5eee266676da4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-243.620","next":"us-ky/krs-243.635"},"notice":"GroundRules: Original legal text. Not legal advice."}