Louisiana 2014 2014 Regular Session

Louisiana Senate Bill SB249 Introduced / Bill

                    SLS 14RS-334	ORIGINAL
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2014
SENATE BILL NO. 249
BY SENATOR MORRELL 
CIGARS/CIGARETTES.  Provides relative to the issuance and ownership of certain permits
issued by the office of alcohol and tobacco control. (gov sig)
AN ACT1
To amend and reenact R.S. 26:912(A), relative to certain permits issued by the office of2
alcohol and tobacco control; to provide relative to the requirements for the issuance3
and ownership of such permits; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1.  R.S. 26:912(A) is hereby amended and reenacted to read as follows: 6
ยง912. Permits; necessity of display; penalties7
A. A permit issued under this Chapter is a personal privilege and cannot be8
transferred. If over fifty-one percent of a corporation is sold or transferred during the9
period for which a permit was issued, a new permit must be applied for, and the new10
owner must comply with the provisions set forth in this Chapter. If the holder of the11
permit is an association, partnership, or limited partnership, limited liability12
company, or any other legal entity, a change of the controlling interest shall13
constitute a change of ownership under this Chapter. If the business is physically14
relocated during such period, the registration certificate holder or permittee must15
shall notify the commissioner in writing so that proper change may be noted thereon.16
*          *          *17 SB NO. 249
SLS 14RS-334	ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Section 2. This Act shall become effective upon signature by the governor or, if not1
signed by the governor, upon expiration of the time for bills to become law without signature2
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If3
vetoed by the governor and subsequently approved by the legislature, this Act shall become4
effective on the day following such approval.5
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cathy Wells.
DIGEST
Morrell (SB 249)
Present law prohibits tobacco permits from being transferred.
Present law provides that if over 51% of a corporation is sold or transferred during the period
for which a permit was issued, a new permit must be applied for, and the new owner must
comply with provisions of law.  Present law further provides that if the holder of the permit
is an association, partnership, or limited partnership, a change of the controlling interest
constitutes a change of ownership.
Proposed law retains present law and extends holder of a permit to include limited liability
company or any other legal entity.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 26:912(A))