A license shall be a purely personal privilege, good for not to exceed one year after issuance unless sooner revoked as is in this chapter provided, and shall not constitute property, nor shall it be subject to being encumbered or hypothecated. Such licenses shall not descend by the laws of testate or intestate devolution. The license shall cease upon the death of the licensee provided that the executors or admini-strators of the estate of any deceased 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, insolvency, or bankruptcy of such descendant until the expiration of the license, but not longer than six months after the death, bankruptcy, or insolvency of such licensee. A refund shall be made of that portion of the license fees paid for any period in which the licensee shall be prevented from operating under such license in accordance with the provisions of this paragraph. Further, such license may be transferred by the Local Liquor Control Commissioner to any person qualified by the statutes of this state and the city ordinances to hold such license.
(`79 Code, § 111.080) (Ord. 832, passed 12-6-76)