House Bill 150 seeks to amend Montana's alcohol and gambling laws, particularly regarding ownership interests and the involvement of regulated lenders. The bill introduces new provisions that allow regulated lenders to secure interests in alcoholic beverage licenses and other business assets without creating undisclosed ownership interests. It also deletes previous language concerning department investigations related to ownership interests and updates definitions for terms such as "alcoholic beverage license" and "default." The legislation outlines the responsibilities of lenders and licensees in the event of a default, requiring lenders to notify the department and providing a framework for ownership transfer under such circumstances.

Furthermore, the bill modifies the qualifications for obtaining a gambling license by removing certain restrictions based on financial history or criminal records, allowing the department to issue licenses based on available information while still permitting denial in cases of falsification. It clarifies the process for transferring ownership interests in licensed gambling operations, allowing transfers between existing owners without prior approval, provided they meet reporting requirements. The revisions aim to streamline the licensing process, enhance regulatory efficiency, and clarify the roles of various parties involved in alcohol and gambling operations.

Statutes affected:
LC Text: 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(1): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(2): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(3): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(4): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(5): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(6): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(7): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1: 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(1): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(10): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(11): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(12): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(13): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(14): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(15): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(16): 16-4-801, 23-5-118
HB0150_2(17): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(2): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(3): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(4): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(5): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(6): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(7): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(8): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(9): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2: 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_X(1): 16-4-801, 23-5-118
HB0150_X(10): 16-4-801, 23-5-118
HB0150_X(11): 16-4-801, 23-5-118
HB0150_X(12): 16-4-801, 23-5-118
HB0150_X(13): 16-4-801, 23-5-118
HB0150_X(14): 16-4-801, 23-5-118
HB0150_X(15): 16-4-801, 23-5-118
HB0150_X(16): 16-4-801, 23-5-118
HB0150_X(17): 16-4-801, 23-5-118
HB0150_X(18): 16-4-801, 23-5-118
HB0150_X(19): 16-4-801, 23-5-118
HB0150_X(2): 16-4-801, 23-5-118
HB0150_X(20): 16-4-801, 23-5-118
HB0150_X(21): 16-4-801, 23-5-118
HB0150_X(22): 16-4-801, 23-5-118
HB0150_X(23): 16-4-801, 23-5-118
HB0150_X(24): 16-4-801, 23-5-118
HB0150_X(3): 16-4-801, 23-5-118
HB0150_X(4): 16-4-801, 23-5-118
HB0150_X(5): 16-4-801, 23-5-118
HB0150_X(6): 16-4-801, 23-5-118
HB0150_X(7): 16-4-801, 23-5-118
HB0150_X(8): 16-4-801, 23-5-118
HB0150_X(9): 16-4-801, 23-5-118
HB0150_X: 16-4-801, 23-5-118