(a) Each license or registration under this Division X shall be issued to the applicant only and shall not be transferable to any other . No or registrant shall loan, sell, give or assign a license or registration to another . A license or registration issued under this Division X is for the and premises named on the approved application, only at the permanent place of business designated on the application. However, upon written request, the may approve an off-site, locked and secured storage facility. No transfer of a license or registration shall be permitted from place-to-place or from -to- , except in the case in which an existing or registrant is merely changing a business or corporate name or changing their corporate structure so long as there is no change in the ownership or control of the business or function. All licenses or certificates of registration issued under this Division X must be posted in a conspicuous place on the premises for which it issued.
(b) A or registrant under this Division X must immediately notify the of the following:
(1) A change in the corporate or organization officers listed in the application;
(2) Any changes in the partnership agreement;
(3) A change of the managing partner, store or general manager, proprietor or other who is in charge of the licensed or registered premises; and
(4) Any change in the ownership of an establishment licensed or registered under this Division X, including any acquisition of an interest in the partnership, corporation or other organization by any not identified in the application.
(c) When an establishment licensed or registered under this Division X is sold or transferred, the or registrant shall immediately notify the of the sale or transfer. If the establishment that is sold or transferred is to continue in the business of , the new owner must immediately apply for an appropriate license or registration under this Division X. In addition, in the case of , a management agreement, which covers the period between the sale or transfer and the issuance of the new owner’s license, shall be executed between the existing and the new owner within 20 days following the sale or transfer. The management agreement shall vest control of all of the business in the existing or a manager responsible to the existing . The agreement shall be approved by the City Council.
(d) A management agreement shall be required of any licensed whose business is being managed or operated by a other than the or an employee of the . No other than the or an employee of the shall be permitted to manage or operate an establishment licensed under this Division X until the City Council has reviewed and approved the management agreement and any amendments thereto.
(Added by Ord. 93-23, passed 4-26-1993; recodified by Ord. 95-13, passed 8-7-1995; added by Ord. 97-18, passed 5-5-1997; deleted and added by Ord. 2007-18, passed 5-7-2007)