A. No license issued under this chapter may be transferred to any other person.
B. No corporate licensee shall permit any transfer of its stock which would vest in aggregate more than five percent (5%) of the stock outstanding in such corporation in any shareholder unless such shareholder has been certified by the village administrator as meeting the requirements of section 4-6-3 of this chapter. (Ord. 2014-1418, 11-4-2014)