Current through 2024 Legislative Session Act Chapter 531
Section 1366 - Transfer of license(a) The rights conferred by a license may be transferred by the Commissioner to any representative designated by the person to whom or on behalf of whom the license was originally granted, if such representative is a person approved by the Commissioner. In the case of death of a licensee, the Commissioner may transfer the license to a qualified person recommended by the executor or administrator of the estate of the deceased licensee.(b) In instances where the Commissioner has approved the transfer of a license, all matters concerning marijuana inventories must be handled directly between the transferor and the transferee and all payments must be made directly and not through the Commissioner.(c) A social equity licensee may not transfer the license to a person who would not meet the criteria for the issuance of a social equity license until at least three years from the date the licensee was awarded an active social equity license.Amended by Laws 2023, ch. 301,s 14, eff. 7/17/2024.Added by Laws 2023 , ch. 24, s 4 .Section 15 of the enacting legislation provides that this section takes effect upon the later of the following: (a) Publication in the Register of Regulations of a notice by the Controller General that the funds required to implement this Act have been appropriated. (b) Upon enactment.