16-4-432 . License operation requirements. (1) A licensee under 16-4-104 , 16-4-201 , 16-4-204 , or 16-4-420 shall: (a) commence operating the license on issuance of the license from the department, unless the licensee was approved for a license without a premises under 16-4-417 ; and (b) operate the license for 1 year prior to transferring the license to another person or business entity unless that transfer is due to a death of an owner. (2) Failure to comply with the provisions of subsection (1) subjects the licensee to license revocation.
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