(A) A license shall be a purely personal privilege, effective for a period not to exceed one year after issuance unless sooner revoked as in this chapter provided, and shall not constitute property, nor shall it be subject to attachment, garnishment, or execution, nor shall it be alienable or transferable, voluntarily or involuntarily, or subject to being encumbered or hypothecated. A license shall cease upon the death of the licensee and shall not descend by the laws of testate or intestate devolution, provided that executors or administrators of the estate of any deceased licensee, and the trustee of any insolvent or bankrupt licensee, when an estate consists in part of alcoholic liquor, may continue the business of the sale of alcoholic liquor under the order of the appropriate court and may exercise the privileges of the deceased or insolvent or bankrupt licensee after the death of the decedent, or insolvency or bankruptcy, until the expiration of the license, but not longer than six months after the death, bankruptcy, or insolvency of the licensee.
(B) A refund shall be made of that portion of the license fees paid for any period in which the licensee shall be prevented from operating under the license in accordance with this section.
Statutory reference:
License transfers, see 235 ILCS 5/6-1