737.05 TRANSFER OF LICENSE.

   (a)    Change of Location. A scrap metal facility license is not transferable to another location. No person so licensed shall transact or solicit business at any location other than at the address stated in the license. Any change in location of scrap metal facility licensed pursuant to this chapter shall require the submission of a new application and the issuance of a new license.

   (b)    Change of Ownership. A scrap metal facility license is transferable to another person only upon written approval of the Director of Finance. An application for transfer of ownership shall be granted, provided the application is submitted in writing and contains all the information required by Section 737.03 as to the proposed new licensee. For purposes of this section. whenever the person to which a license has been issued is a corporation or limited liability company and there is a transfer of that corporation's stock or that limited liability company's membership interests such that, following the transfer, the owner of the majority or plurality of shares of stock in the corporation would change or the owner of the majority or plurality of the limited liability company's membership interests would change, the transfer of stock or membership interests shall be considered a change of ownership.

(Ord. 2012-3-12. Passed 3-14-12; Ord. 2022-1-3. Passed 1-12-22.)