Bill No. 531, introduced by Senators Seifried and Archer, amends the Oklahoma Alcoholic Beverage Control Act to revise the requirements for corporations and limited liability companies (LLCs) applying for alcoholic beverage licenses. Notably, the bill lowers the threshold for stockholder disclosure from fifty-one percent (51%) to fifteen percent (15%) and requires corporations and LLCs to notify the Alcoholic Beverage Laws Enforcement (ABLE) Commission of any changes in ownership or management, imposing a $100 fee for each notification. Additionally, individuals with ownership interests in entities that have had their licenses revoked or suspended are prohibited from holding similar interests in other entities for twelve months. The bill also introduces stricter criteria for license approval, disqualifying applicants with felony convictions within the past fifteen years.

Further amendments clarify permissible transactions, such as the delivery of alcoholic beverages ordered by mistake and the replacement of defective products. The bill prohibits certain licensees, including mixed beverage and caterer licensees, from having financial interests in package stores or wholesalers, with exceptions for specific tax-exempt organizations. It updates the terminology to consistently refer to the Alcoholic Beverage Laws Enforcement (ABLE) Commission and establishes restrictions on individuals with significant ownership stakes in partnerships or LLCs regarding financial interests in certain licensees. The changes are set to take effect on November 1, 2025, following Senate approval on March 27, 2025.