A. No license granted or issued under any provision of this chapter shall be in any manner assignable or transferable, or shall authorize any person other than as therein named to do business, or authorize the conduct of any business other than therein specified, at any place other than therein mentioned.
B. If a business is owned or conducted by a partnership, corporation or association, a sale or transfer of the stock or equity in such partnership, corporation or association, in an amount in excess of forty nine percent (49%) thereof, will require the application for and issuance of a new liquor license, notwithstanding the fact that such firm or business continues its operation in the same style or trade name and at the same location. A sale and transfer of equity or stock in such business, in amounts not exceeding forty nine percent (49%), shall not require new licensing for such business; provided, however, that the names and addresses of all such new owners of the licensed business shall be reported to the county sheriff's office for inclusion on the next succeeding quarterly license for such business. (Ord. 260A, 1-5-2022)