§ 111.050 RELINQUISHMENT UPON SALE.
   If a current liquor license holder proposes to sell its business and presents to the Liquor Commission a proposed contract with a non-liquor license holder, the Commissioner may accept the relinquishment of the current license and consider at a hearing the application of the proposed license holder, and in the Commissioner's discretion, tender the seller's current license to the buyer upon completion of the sale. Before receiving this license, the buyer must meet all requirements of the liquor license process before the relinquishment to the buyer becomes effective.
(Ord. passed 6-14-2005; Ord. passed 8-13-2013; Ord. 20-0419, passed 3-10-2020)