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OK HB2565
Bill
Status
5/30/2025
Primary Sponsor
Mike Osburn
Click for details
AI Summary
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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.
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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.
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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.
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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.
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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