A. No Sale Of License: A person granted a beer license under the provisions of this chapter shall not sell, transfer, assign, exchange, barter, give or attempt in any way to dispose of the license to another person whether for monetary gain or not. A beer license issued hereunder has no monetary value for the purpose of any type of disposition.
B. No Location Transfer: A person granted a beer license under the provisions of this chapter shall not transfer the license issued pursuant to the provisions of this chapter from one location to another.
C. No Ownership Transfer: Except for corporate or company ownership changes set forth in subsections D2 and D3 of this section, no ownership transfers of any license issued under the provisions of this chapter shall be permitted.
D. Notification Of Change: In addition to the ownership transfer prohibitions of this section, all licensees shall be required to notify the city immediately of any change in ownership of the licensee or persons associated with the licensee if the licensee is an entity. In order to ensure compliance with this section, the city may suspend or revoke a beer license if the licensee does not immediately notify the city of any change in:
1. Ownership of the premises of the retail license;
2. For a corporate owner, the:
a. Corporate officers or directors of the retail licensee; and
b. Shareholders holding at least twenty percent (20%) of the total issued and outstanding stock of the corporation; or
3. For a limited liability company:
a. Managers of the limited liability company; or
b. Members owning at least twenty percent (20%) of the limited liability company. (Ord. 2014-38, 12-2-2014)