§ 10-41. Transfers of license.

(a)

No license for the sale of alcoholic beverages shall be transferable, except upon the death of a licensee, when the license may be transferred to the administrator, executor, or lawful adult heir of the deceased person. If the legal representatives of the deceased licensee cannot meet all the requirements of this article when the time arrives to renew the license, it shall not be renewed.

(b)

Except as provided herein, any change in the ownership of any entity owning a licensed outlet shall cancel and revoke any license issued hereunder automatically, without the necessity of any hearing.

(c)

A new license application must be applied for whenever a partnership holding a license admits a new partner to the partnership, not a partner at the time of the original license application.

(d)

A new license must be applied for whenever a corporation owning a license admits stockholders holding ten percent or more of any class of stock, who were not stockholders at the time of the application for the existing license.

(e)

Whenever a partnership or corporation holding a license loses the license as a result of the provisions of this section, upon filing an application for a new license the partnership or corporation may continue to operate under the terms of the prior license until such time as the new application is approved or denied by the city council; provided, however, no the continued operation shall be authorized until such time as a new application for license is made and the required fees paid to the city manager.

(Code 1979, § 37-1.6)