Okla. Stat. tit. 37A, § 37A-2-143

A. Any corporation applying for a mixed beverage, beer and

wine, caterer, public event, beer distributor or bottle club, or as

an equity partner in a wine and spirits wholesaler, shall submit to

the ABLE Commission the following:

1. A certificate of good standing from the office of the

Secretary of State;

2. A list of all corporate officers, directors, executive

committee members or members of a similar governing body and their

addresses, except for a charitable organization exempt from taxation

under Section 501(c)(3),(4),(5),(6),(7),(8),(9),(10), or (19) of the

United States Internal Revenue Code, which shall only be required to

furnish its corporate officers; and

3. A list of all stockholders owning fifteen percent (15%) or

more of the stock and their addresses.

B. Any corporation applying for a retail wine or retail beer

license shall submit to the ABLE Commission the following:

1. A certificate of good standing from the office of the

Secretary of State;

2. A list of all corporate officers and directors, except for a

charitable organization exempt from taxation under Section

501(c)(3),(4),(5),(6),(7),(8),(9),(10), or (19) of the United States

Internal Revenue Code, which shall only be required to furnish its

corporate officers; and

3. A list of all stockholders owning fifty-one percent (51%) or

more of the stock.

C. A corporate licensee shall notify the ABLE Commission in

writing of any change in the officers or directors of the

corporation or in the principal managers of premises licensed to the

corporation and shall pay a fee of One Hundred Dollars ($100.00) for

each notification of change. Provided, service organizations which

are exempt under Section 501(c)(8), (10), or (14) of the Internal

Revenue Code shall be exempt from such fee.

D. A corporate licensee shall notify the ABLE Commission any

time a person, any type of partnership, limited liability company or

other entity acquires the percentages specified in paragraph 3 of

subsection A or B of this section, or more, of the stock of the

corporation. Such notification shall be within thirty (30) days of

acquisition, and the corporation shall pay a fee of One Hundred

Dollars ($100.00) for each notification of change.

E. The ABLE Commission may disapprove a change of officers,

directors or principal managers or the acquisition of more than the

percentages specified in paragraph 3 of subsection A or B of this

section of the stock in a licensed corporation if the ABLE

Commission feels that such change would materially affect the

conditions under which the license was issued, such that the license

Oklahoma Statutes - Title 37a. Alcoholic Beverages Page 74

would not have been issued had such change been in existence at the

time of the original application. If such disapproval occurs, the

ABLE Commission shall notify the licensee in writing and in the case

of a publicly traded corporation, allow a reasonable time for the

licensee to remove such officer, director or manager or for the

stockholder to divest himself or herself of any stock held in excess

of the percentages specified in paragraph 3 of subsection A or B of

this section; provided, a reasonable time may not exceed a ninety-

day period following notification of denial by the ABLE Commission.

Failure to comply with the provisions of this subsection may result

in revocation or suspension of such license.

F. Any person who was an officer or director or who has owned

the percentages specified in paragraph 3 of subsection A or B of

this section or more of the stock in a corporation which has been

denied a license or had a license revoked or suspended pursuant to

the provisions of the Oklahoma Alcoholic Beverage Control Act shall

not own stock in any other corporation seeking a license pursuant to

the provisions of the Oklahoma Alcoholic Beverage Control Act for a

period of twelve (12) months from the date the license was revoked

or suspended.
the stock in a corporation which has been

denied a license or had a license revoked or suspended pursuant to

the provisions of the Oklahoma Alcoholic Beverage Control Act shall

not own stock in any other corporation seeking a license pursuant to

the provisions of the Oklahoma Alcoholic Beverage Control Act for a

period of twelve (12) months from the date the license was revoked

or suspended.

G. Any person who was a manager or a member of a limited

liability company which has been denied a license or had a license

revoked or suspended pursuant to the provisions of the Oklahoma

Alcoholic Beverage Control Act shall not own stock in any

corporation seeking a license pursuant to the provisions of the

Oklahoma Alcoholic Beverage Control Act for a period of twelve (12)

months from the date the license was revoked or suspended.