This bill amends the Oklahoma Alcoholic Beverage Control Act and the Oklahoma Revised Uniform Partnership Act to clarify and update regulations regarding limited liability partnerships (LLPs) and their applicability in the context of alcoholic beverage licensing. Specifically, it allows for the issuance of beer distributor licenses and wine and spirits wholesaler licenses under common ownership to corporations, partnerships, including LLPs, and limited liability companies. Additionally, it modifies the criteria under which the ABLE Commission may refuse to issue or renew licenses, ensuring that the provisions do not prohibit the issuance of licenses to entities that meet the specified conditions.

Furthermore, the bill clarifies the nature and purpose of limited liability partnerships, emphasizing that they are partnerships under Oklahoma law and can engage in various business activities, including professional services. It also delineates the process for a partnership to become an LLP, including the necessary filings and approvals. Notably, the bill establishes that an LLP is not considered a similar entity to a limited liability company (LLC) under the Oklahoma Alcoholic Beverage Control Act, thereby reinforcing the distinct legal status of each entity type. The act is set to take effect on November 1, 2025.