[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: 27CFR25.72]

[Page 623-624]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 25--BEER--Table of Contents
 
                  Subpart G--Qualification of a Brewery
 
Sec. 25.72  Change in proprietorship.

    (a) General. If there is a change in the proprietorship of a 
brewery, the outgoing brewer shall comply with the requirements of 
Sec. 25.85. The successor brewer shall, before beginning operations, 
qualify in the same manner as the proprietor of a new brewery. The 
successor brewer shall file a new notice and bond in his or her own 
name. Beer on hand may be transferred without payment of tax to the 
successor brewer and will be accounted for by that brewer.
    (b) Fiduciary. (1) If the successor to the brewer is an 
administrator, executor, receiver, trustee, assignee or other fiduciary, 
the fiduciary may in lieu of filing a new notice and bond, file an 
amended notice and furnish a consent of surety extending the terms of 
the predecessor's bond or continuation certificate.
    (2) The fiduciary shall furnish the appropriate ATF officer a 
certified copy of the court order or other document showing 
qualification as fiduciary. The effective date of the qualifying 
documents filed by a fiduciary will be the

[[Page 624]]

same as the date of the order, or the date therein specified for the 
fiduciary to assume control. If the fiduciary was not appointed by the 
court, the date of the appointment will be the effective date of the 
qualifying documents filed by the fiduciary.

(Sec. 201, Pub. L. 85-859, 72 Stat. 1388, as amended (26 U.S.C. 5401))