[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR22.60]

[Page 514-515]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 22--DISTRIBUTION AND USE OF TAX-FREE ALCOHOL--Table of Contents
 
                        Subpart D--Qualification
 
Sec. 22.60  Continuing partnerships.

    (a) Continuing partnerships. If, under the laws of a particular 
State, a partnership is not terminated on death or insolvency of a 
partner, but continues until final settlement of the partnership affairs 
is completed, and the surviving partner has the exclusive right to the 
control and possession of the partnership assets for the purpose of 
liquidation and settlement, the surviving partner may continue to 
withdraw and use tax-free alcohol under the prior qualifications of the 
partnership.
    (b) Requalification. If a surviving partner acquires the business on 
completion of the settlement of the partnership, that partner shall 
qualify as a new proprietor, from the date of acquisition, under the 
same conditions and limitations prescribed in Sec. 22.58(b).

[[Page 515]]

    (c) More than one partner. The rule set forth in this section also 
applies if there is more than one surviving partner.

[T.D. ATF-199, 50 FR 9183, Mar. 6, 1985, as amended by T.D. ATF-443, 66 
FR 13015, Mar. 2, 2001]