[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: 27CFR40.102]

[Page 838]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 40_MANUFACTURE OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES
--Table of Contents
 
     Subpart F_Changes After Original Qualification of Manufacturers
 
Sec. 40.102  Transfer of ownership.

    If a transfer is to be made in ownership of the business of a 
manufacturer of tobacco products (including a change of any member of a 
partnership or association), such manufacturer shall give notice, in 
writing, to the regional director (compliance), naming the proposed 
successor and the desired effective date of such transfer. The proposed 
successor shall, before commencing operations, qualify as a manufacturer 
of tobacco products, in accordance with the applicable provisions of 
subpart E of this part: Provided, That where a diagram has been 
furnished by the manufacturer in accordance with the provisions of Sec. 
40.69, the proposed successor may adopt such diagram if it is currently 
complete and accurate. The manufacturer shall give such notice of 
transfer, and the proposed successor shall make application for permit 
and file bond, as required, in ample time for examination and approval 
thereof before the desired date of such change. The predecessor shall 
make a concluding inventory and concluding report, in accordance with 
the provisions of Sec. Sec. 40.201 and 40.202, respectively, and 
surrender his permit with such inventory and report. The successor shall 
make a commencing inventory and commencing report, in accordance with 
the provisions of Sec. Sec. 40.201 and 40.202, respectively.

(72 Stat. 1421, 1422; 26 U.S.C. 5711, 5712, 5713, 5721, 5722)