(A) Generally. Each license shall be issued only to the applicant and only for the premises described in the application. No license may be transferred to another person or place without the approval of the City Council.
(B) Corporations. The transfer of stock in any corporation holding an on sale or off sale license shall be deemed a transfer within the meaning of this subchapter, and no such transfer of stock shall be made without the consent of the Council.
(1990 Code, § 1202.080) Penalty, see § 113.999