(A) (1) Upon the sale or transfer of a substantial interest in a sexually-oriented business, the license therefor shall be null and void, unless the transaction was approved in advance by the Town Clerk, under the application procedure of this chapter.
(2) An original application shall be made by any person, association, firm or corporation desiring to own or operate the establishment upon its transfer.
(B) An establishment licensee shall submit, upon sale or transfer of any interest in an existing sexually-oriented business, or any enlargement or expansion of the place of business of a sexually- oriented business, new certifications of inspection as required of original applicants by this chapter.
(Prior Code, § 8-3-15)