No transfer of an adult business license shall be permitted. A prospective or actual purchaser of an adult business must obtain a new adult business license prior to allowing the adult business to operate under new ownership. Any license shall be immediately void if the licensee attempts to transfer the license to another person or location. The attempted transfer of the adult business license includes the transfer of ownership or control of the adult business by any of the following:
(A) The sale, lease or sub-lease of an adult business;
(B) The transfer of securities which constitute a controlling interest in the business, whether by sale, exchange or similar means; or
(C) The establishment of a trust, gift or similar legal device which transfers the ownership or control of the business, except for transfer by bequest or other operation of law upon the death of the person possessing the ownership or control.
(Ord. 2708 § 1, 2004.)