A permittee shall not assign or transfer a permit or any of its rights under a permit, in whole or in part, voluntarily, involuntarily or by operation of law, including by merger or consolidation or by other means, nor shall there be a transfer of control of a permittee or its business, without the prior written consent of the township, which shall not be unreasonably withheld. The permittee shall reimburse the township for reasonable, actual costs incurred in the review of a request by the permittee for consent to an assignment or transfer of the permit or a transfer of control of a permittee or its business. Notwithstanding anything in this section to the contrary, the permittee may grant a security interest in its rights under a permit in favor of a third party without first obtaining the consent of the township. If a permit or any rights thereunder is assigned or transferred in whole or in part with the approval of the township, the terms and conditions of the permit and of this subchapter shall be binding upon the successors and assigns of the permittee.
(Prior Code, § V-2.11)