(A) Any change in ownership involving a license requires the submission of an application to transfer that license. A change of ownership requiring official transfer of a license occurs, as follows:
(1) If the licensee is a natural person, upon the sale of the business requiring the license or upon the death of the licensee;
(2) If the licensee is a corporation, upon change in ownership of more than 10% of its stock;
(3) If the licensee is a partnership, upon the addition of a new partner.
(B) An application to transfer a license shall be treated the same as an application for a new license. If the change in ownership is caused by the death of a licensee, then the personal representative is authorized to continue to operate the business for up to 90 days but must submit the application within 30 days of the date of death. In all other cases, the application must be submitted and approved by the Council before the sale of any alcoholic beverages can occur under the new ownership.
(Ord. 121, passed 9-16-1992)