A license issued under this chapter shall be purely a personal privilege, good for not to exceed one year after issuance unless sooner revoked as provided in this chapter, and shall not constitute property, nor shall it be alienable or transferrable or subject to being encumbered or hypothecated. Such license shall not descend by law of testate or intestate devolution but shall cease upon the death of the licensee. However, the executors or administrators of the estate of the deceased licensee and the trustee of an insolvent or bankrupt estate of such licensee, when such estate consists in part of alcoholic liquor, may continue the business of selling alcoholic liquor under order of the appropriate court and may exercise the privileges of the deceased or insolvent or bankrupt licensee after the death of such decedent or the insolvency or bankruptcy of such licensee until the expiration of such license, but not exceeding six months after the death, insolvency or bankruptcy of such licensee. A refund shall be made of that portion of the license fee paid for any period for which the licensee is prevented from operating under such license, in accordance herewith.
(Ord. 450. Passed 12-4-78.)