(A) (1) The first and initial license fee for new licenses issued between May 1 and October 31 of any year shall be in an amount equal to the annual fee described in § 111.10 of this chapter, plus a non- refundable fee as set forth by ordinance or resolution to defray the costs of investigation of the applicant as provided for and pursuant to the provisions of this chapter, payable in one installment.
(2) The first and initial license fee for new licenses issued between November 1 and April 30 for any year shall be in an amount equal to one-half the annual fee, plus the non-refundable fee to defray costs of investigation of applicant as provided for and pursuant to the provisions of this chapter, payable in one installment.
(B) Any sale, transfer or assignment of more than 50% of the shares of a corporation shall terminate the license for the purpose of payment of a fee for a first and initial license.
(C) Any bankruptcy, insolvency of a license or any sale, transfer or assignment of any copartner or copartnership or copartnership interests in a license held by a copartnership shall terminate the license for the purpose of payment of a fee for a first and initial license.