A license shall be purely a personal privilege, good for not to exceed one year after issuance unless sooner revoked as provided in this chapter, and shall not constitute property, nor shall it be alienable or transferable, voluntarily, involuntarily, or subject to being encumbered or hypothecated. Such license shall not descend by the laws of testate or intestate devolution, but it shall cease upon the death of the licensee, provided that executors or administrators of the state of any deceased licensee, and the trustee of any insolvent or bankrupt licensee, when such estate consists in part of alcoholic liquor, may continue the business of the sale or manufacture of alcoholic liquor under order of the appropriate court, and may exercise the privileges of the deceased or insolvent or bankrupt licensee after the death of such decedent, or such insolvency or bankruptcy until the expiration of such license but not longer than six months after the death, bankruptcy or insolvency of such licensee.
Any licensee may renew his license at the expiration thereof, provided he is then qualified to receive a license and the premises for which such renewal license is sought are suitable for such purpose; and provided further, that the renewal privilege provided for herein shall not be construed as a vested right which shall in any case prevent the mayor from decreasing the number of licenses to be issued within his jurisdiction.
(Prior code § 13.111).