The permit shall be valid only for the exact location specified in the permit. The sale or transfer of a majority interest of an adult business or the sale, transfer or assignment of the permit must be accompanied, if the permit is to be valid, by the submittal of information by the new owners or permit holders so as to satisfy all conditions imposed by the adult use development permit for the adult business and the ordinance codified in this chapter.
No transfer of a permit granted under this chapter shall be deemed valid if any new owner or potential transferee has been found guilty of or pleaded nolo contendere to within the past four years a misdemeanor or felony classified by the State as a sex or sex-related offense. Attempted transfer of an adult business permit under this chapter to a person who has been found guilty or pleaded nolo contendere within the past four years of a misdemeanor or felony classified by the State as a sex or sex-related offense shall be grounds for revocation of an adult use development permit pursuant to the procedure set forth in Section 7.95.120. (Ord. § 5 (part), 1996).