(A) No transfer of license. A license shall be a purely personal privilege good for not to exceed one year after issuance unless sooner revoked as in this chapter provided and shall not constitute property; nor shall it be subject to attachment, garnishment, or execution; nor shall it be alienable or transferable, voluntarily or involuntarily, or subject to being encumbered or hypothecated. The license shall not descend by the laws of testate or intestate devolution, but it shall cease upon the death of the licensee, provided that executors or administrators of the estate of any deceased licensee, and the trustees of any insolvent or bankrupt 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 privilege of the deceased or insolvent or bankrupt licensee after the death of such decedent, or such insolvency or bankruptcy until the expiration of the license, but not longer than six months after the death, bankruptcy, or insolvency of the licensee. A refund shall be made of the portion of the license fee paid for any period in which the licensee shall be prevented from operating under such license in accordance with the provisions of this section.
(B) Transfer of licensed premises.
(1) In the event a licensee enters into a written contract to sell or transfer the licensed premises, the licensee shall provide the Mayor with a signed copy of the contract or so much thereof that shall reveal the name and address of the proposed transferee, a description of the assets to be transferred, the proposed date of transfer, any contingencies for the transfer, and the signature of the licensee and transferee.
(2) The transferee may then make application for a new license in the name of the transferee at the licensed location. The transferee, in making said application, must fully comply with the terms and conditions of this chapter. In the event the application is granted, the new license will be issued conditioned upon the closing of the transaction resulting in the transfer of the licensed premises. The existing licensee shall surrender his or her/its license at the closing. In the event the transaction fails to close, the license issued to the proposed transferee shall be revoked. In the event the proposed transaction does not close and the transfer of the licensed premise does not occur, the fees paid by the proposed transferee shall be refunded.
(1977 Code, § 4-4-10) (Am. Ord. 2020-02, passed 1-27-2020) Penalty, see § 10.99