§ 111.043 TRANSFER OF LICENSE.
   A license shall be purely a personal privilege, good for not to exceed 1 year after issuance, and shall not constitute property, nor shall it be subject to attachment, garnishment, or execution, nor shall it be alienable or transferable 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 trustee of any insolvent or bankrupt licensee, when the estate consists in part of alcoholic liquor, may continue the business of the retail sale of alcoholic liquor under order of the appropriate court and may exercise the privileges of the deceased or insolvent or bankrupt licensee until the expiration of the license, but not longer than 6 months after the death, bankruptcy, or insolvency of the licensee.