AR SB338

Allows a person purchasing an existing permitted tobacco retail location to operate under the seller's permit for up to 30 days from the date of sale with permission from the seller and Division of Tobacco Control.

Permits partnerships, limited liability companies, and corporations to operate under a voided permit for up to 30 days when a change, removal, or replacement of key managing personnel or majority stockholders occurs that voids the existing permit.

Requires partnerships, limited liability companies, and nonpublicly traded corporations to void their permit when the managing partner, managing member, president, chief executive officer, or a stockholder owning 50% or more of voting shares is changed, removed, or replaced.

Requires publicly traded corporations to void their permit when the president or chief executive officer named on the permit, or a stockholder owning 50% or more of voting shares, is changed, removed, or replaced.

Requires affected entities to apply for a new permit within the 30-day grace period while allowing them to continue operations under the voided or selling owner's permit during that time.