A. A retail liquor dealer's license shall be a purely personal privilege, good for a period not to exceed one year after issuance (unless sooner revoked or terminated as herein provided), and shall not constitute property; nor shall it be subject to attachment, garnishment, or execution; nor shall it be alienable or transferable, voluntarily or involuntarily, or subject to being encumbered or hypothecated.
B. The license shall cease and terminate upon the death of the licensee and shall not descend by the laws of the state or intestate succession; provided, however, that the executor or administrator of the estate of any deceased licensee, and the trustee of any insolvent or bankrupt licensee, when such estate consists in part of alcoholic liquor under the order of a court of competent jurisdiction, may exercise the privileges of the deceased or insolvent or bankrupt licensee after the death of such decedent, or such insolvency or bankruptcy, until the expiration of such license, but in no event for a period longer than six (6) months after the death, bankruptcy or insolvency of such licensee. The executor or administrator of the estate or a business representative of any deceased owner, partner, or shareholder owning five percent (5%) or more of a licensed business shall immediately notify in writing the local liquor control commissioner of such death and indicate what changes in ownership and/or management will result from the death. (Ord. 2003-40, 10-27-2003)