HI HB2422

Amends Section 281-41 to clarify that changes in ownership of 25% or more of a corporation's outstanding voting capital stock require prior approval from the liquor commission.

Requires publicly-traded companies or entities solely owned by publicly-traded companies to notify the commission of replacements for officers designated as primary decisionmakers regarding liquor purchase and sales within 30 days.

Modifies Section 281-45 to allow the liquor commission to grant licenses to corporations convicted of felonies if the corporation's officers and shareholders owning 25% or more of outstanding stock are fit and proper persons.

Changes Section 281-45 to permit applicants and license transferors/transferees to present tax clearance certificates from the Department of Taxation and Internal Revenue Service instead of signed certificates from the director of taxation.

Amends Section 281-53 to require publicly-traded companies and entities solely owned by publicly-traded companies to disclose the names of officers designated as primary decisionmakers regarding liquor purchases and sales in license applications.