A. Ownership Changes: Any changes in partnership, officers, directors, persons holding directly or beneficially more than five percent (5%) of the stock, partnership, membership or ownership interest, managers of businesses licensed under this chapter, shall be reported in writing to the Liquor Control Commissioner within ten (10) days of the change. All new personnel shall meet the standards of this chapter and must otherwise qualify to hold a liquor license. All such changes in personnel shall be subject to review by the Local Liquor Control Commissioner within thirty (30) days of the change.
B. Issuance Of New License; Fee: Upon such a change in ownership, the pre-existing license shall be deemed terminated and the new license shall be applied for by the new ownership, and a transfer fee of two hundred fifty dollars ($250.00) shall be paid.
(Ord. 18-1183, 11-12-2018)