Engrossed Senate Bill 531 Summary

• Amends Oklahoma Alcoholic Beverage Control Act to modify ownership disclosure requirements for corporate and limited liability company applicants, including stockholders owning more than 15% of stock and members owning more than 15% of membership interests.

• Requires corporate licensees and limited liability companies to notify the ABLE Commission within 30 days of changes in officers, directors, managers, or ownership percentages exceeding 15%, with a $100 fee per notification.

• Grants the ABLE Commission authority to disapprove ownership or management changes if they would materially affect license conditions, with a 90-day maximum compliance period before potential license revocation or suspension.

• Expands grounds for license refusal to include applicants or partners with felony convictions within 15 years (or 25 years for alcohol-related, violent crime, or sex offender registration offenses) and strengthens prohibitions on undisclosed ownership interests.

• Becomes effective November 1, 2025.