(a) The right to a panoram license shall not be transferred by the licensee to another person.
(b) A prohibited “transfer of the right to a license” shall be deemed to have occurred if, before expiration of the license:
(1) The license is sold or otherwise conveyed by the licensee to another person;
(2) The panoram business authorized by the license is sold or otherwise conveyed by the licensee to another person;
(3) The location at which the panoram business may be conducted under the license:
(A) Is sold, leased, subleased, assigned, or rented by the licensee to another person; and
(B) Becomes unavailable to the licensee for the conduct of the panoram business.
(4) The licensee changes at least a majority interest in its ownership by other than will or intestate succession.
(c) A licensee who intends to engage in an act described under subsection (b) shall notify the director of budget and fiscal services before executing the act. After receipt of the notification, the director shall cancel the license. The cancellation shall be effective on the date of execution of the act, unless the licensee requests an earlier date.
(1990 Code, Ch. 41, Art. 39, § 41-39.5) (Added by Ord. 97-11)