A. A change in ownership requiring the payment of a license fee for the first year of operation shall be required whenever any license is assigned, sold, loaned, transferred, used as collateral or otherwise encumbered. In addition, no license or permit may be assigned, sold, loaned, transferred, used as collateral or otherwise encumbered unless prior approval of the local liquor control commissioner is given pursuant to the provisions of this chapter. The following transactions are hereby declared to be exempted:
1. An assignment, sale, loan, transfer, or change in partners of or to an immediate family member; or if a corporation, a change in any officer, manager, or director of the corporation, or change of any stockholder of the corporation to an immediate family member. As used herein "an immediate family member" is defined as a spouse or child; or
2. A change in partners wherein one or more partners withdraw and existing partners increase their ownership; or
3. A stockholder or stockholders increasing their ownership of stock by obtaining the stock of a current stockholder or stockholders.
B. All corporations, partnerships, copartnerships, limited liability companies, or other nonnatural persons licensed by the city must report to the local liquor control commissioner and receive prior approval of all internal changes in the corporation, partnership, copartnership, limited liability company or other nonnatural person pertaining to change of name, officers, directors, managers, and stockholders (regardless of the percentage of interest therein). Such notification shall include the name, home address, sex, date of birth, social security number, position and percentage of ownership (if any) not previously reputed or disclosed. In the event that the ownership of the licensee corporation, partnership, copartnership, limited liability company or other nonnatural person licensed by the commission is by another or other such corporations, partnerships, copartnerships, limited liability companies, or other nonnatural persons, such licensee must report the name, home address, sex, date of birth, social security number, position and percentage of ownership (if any) of any individual holding any ownership interest in the corporation, partnership, copartnership, limited liability company or other nonnatural person. Such disclosure shall also apply to all limited partnerships, including both the general and limited partners. No such internal changes shall be permitted until such reporting is made, and approval granted, in writing, by the local liquor control commissioner. (Ord. 16-O-12, 3-1-2016)