Sexually-oriented business licenses granted under this subchapter are not transferable. It is unlawful for an individual to transfer a sexually-oriented business license. It shall be unlawful for a sexually-oriented business license held by a corporation, partnership or other noncorporate entity to transfer any part in excess of 10% thereof, without filing a new application and obtaining prior county approval. If any transfer of the controlling interest in a sexually-oriented business licensee occurs, the license is immediately null and void and the sexually-oriented business shall not operate until a separate new license has been properly issued by the county as herein provided.
(Prior Code, § 8-18-15) Penalty, see § 155.999