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OK HB2565

Bill

Status

Failed

5/30/2025

Primary Sponsor

Mike Osburn

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Prohibits issuance of retail spirits licenses to corporations, limited liability companies, or similar business entities, but allows limited partnerships and limited liability partnerships to hold such licenses.

  • Permits existing retail spirits licensees organized as limited partnerships to convert to limited liability partnerships without reapplying for a license or suspending operations, provided notice is given to the Alcoholic Beverage Laws Enforcement Commission within 90 days.

  • Requires all partners in a limited partnership or limited liability partnership holding a retail spirits license to be natural persons and fully disclosed to the ABLE Commission.

  • Clarifies that limited liability partnerships are distinct from limited liability companies and are recognized as a form of partnership subject to the Oklahoma Revised Uniform Partnership Act, not the Oklahoma Limited Liability Company Act.

  • Becomes effective November 1, 2025.

Legislative Description

Partnerships; limited liability partnerships; prohibiting certain state actors from certain actions; classification; effective date.

Last Action

Died in conference

5/30/2025

Committee Referrals

Business and Insurance4/1/2025
Rules2/4/2025

Full Bill Text

No bill text available