No license shall be issued to:
(a) A person whose license issued under this chapter has been revoked for cause within the past three years; or
(b) A corporation, partnership, limited partnership or limited liability company, if any of the officers, substantial owners, members or other individuals required to be identified in the license application pursuant to Section 4-4-050 would not be eligible to receive a license under subsection (a).
(Added Coun. J. 3-10-99, p. 91044)