A. A business license, certificate or permit shall be purely a 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. Except as provided in subsection B of this section, such business license, certificate or permit shall not descend by the laws of the testate or intestate devolution, but it shall cease upon the death of the holder of the business license, certificate or permit; provided, that executors or administrators of the estate of any such deceased holder, and the trustee of any insolvent or bankrupt holder, when such estate consists in part of such business under order of the appropriate court, may exercise the privileges of the deceased's or insolvent's or bankrupt's business license, certificate or permit after the death of such descendent, or such insolvency or bankruptcy until the expiration of such business license, certificate or permit, but not longer than six (6) months after the death, bankruptcy or insolvency of such holder.
B. A business license, certificate or permit may, upon the holder's death, descend only to the holder's spouse or children and in the event such holder is not survived by a spouse or child then to the holder's mother or father; provided, however, any such survivor must possess the same qualifications required by the deceased holder. The passage of a license pursuant to the terms of this subsection shall not require the payment of any fees.
Nothing contained in this subsection shall create any vested or property right in any business license, certificate or permit in any person whatsoever, nor shall it limit or restrict the right of the Village to at any time amend or repeal this subsection.
C. When the licensee is a partnership or corporation, the business license, certificate or permit shall terminate whenever fifty percent (50%) or more of the ownership interest therein changes from that shown on the original application. In such event, the partnership or corporation, through its officers, must make application for the issuance of a new business license, certificate or permit as provided herein. Provided, however, that the provisions of this subsection shall not apply where the transfer of an ownership interest is made to an owner shown on the original application who owned fifty percent (50%) or more of the ownership interest of such partnership or corporation at the time the original application was filed with the Village. (Ord. 82-7-25)