A person holding a license under this subchapter who desires to sell his or her place of business, together with the license, may do so provided:
(A) The license must be surrendered to the city;
(B) The name of the prospective purchaser must be furnished the Local Liquor Control Commissioner;
(C) The prospective purchaser must demonstrate to the Local Liquor Control Commissioner that he or she meets all the requirements for a license under this subchapter;
(D) Upon the foregoing being fully complied with, a new license shall be issued to the purchaser for the unexpired term of the surrendered license; and
(E) No refund shall be paid to the person surrendering the license. If the purchaser is refused the license, the license shall be returned to the original licensee.
(1990 Code, § 3-68) (Ord. 84-940, passed 4-18-1984; Ord. 88-1244, passed 11-7-1988)