(a) Except as provided in Section 12-320, the Privilege License shall be valid until request for cancellation and/or surrender of the license by the licensee or expiration through cessation by the licensee of the business activity for which it was issued.
(b) The Privilege License shall be nontransferable between owners or locations, and shall be on display to the public in the licensee’s place of business.
(c) Any licensee who permits his license to expire through cancellation as provided in Section 12-320, by his request for cancellation, by surrender of the license, or by the cessation of the business activity for which the license was issued, and who thereafter applies for license, shall be granted a new license as an original applicant and shall pay the current license fee. Any licensee who loses or misplaces his Privilege License which is still in effect shall be charged the current license fee for each reissuance of a license.
(d) (Reserved)
(e) (Reserved)
(f) (Reserved)
(g) (Reserved)
(h) (Reserved)
(I) (Reserved)
(j) (Reserved)