[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR25.72]

[Page 648]
 
            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 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))