16-4-432. License operation requirements. (1) A licensee under 16-4-104, 16-4-201, 16-4-204, or 16-4-420 shall:

(a) commence operating the license on issuance of the license from the department, unless the licensee was approved for a license without a premises under 16-4-417; and

(b) operate the license for 1 year prior to transferring the license to another person or business entity unless that transfer is due to a death of an owner.

(2) Failure to comply with the provisions of subsection (1) subjects the licensee to license revocation.