No license issued hereunder shall be subject to attachment, garnishment or execution, nor shall it be alienable, transferable or assignable, voluntarily or involuntarily, or subject to being encumbered or hypothecated. As used herein, to "alienate" or to "transfer" a license shall include the giving, selling or conveyance of a license or of fifty percent (50%) or more of the total number of shares of stock, or securities convertible into stock, of a corporation or entity that holds a license. (Ord. 93-12-627, 12-6-1993)