A. The occurrence of any of the following events are examples of what shall be deemed to constitute a change in the identity of the holder of a local liquor license issued under this chapter, for which a new local liquor license shall be required:
1. With respect to any licensee that is a corporation or limited liability company, the replacement or addition of any officer, director, or manager of said corporation or any shareholder owning directly or indirectly (including ownership by members of the same household) five percent or more of the outstanding shares of any class of the capital stock of said corporation;
2. With respect to any licensee that is a general partnership, the replacement or addition of any general partner;
3. With respect to any licensee that is a limited partnership, the replacement or addition of any general partner or of any limited partner holding directly or indirectly (including ownership by members of the same household) more than a five percent interest in the earnings of said limited partnership.
B. Upon the occurrence of any of the events described in subsection A of this section, the licensee shall, as promptly as practicable, and in any event within five regular business days after the occurrence of such event, give the village administrator written notice describing such event in reasonable detail; the village administrator shall then promptly deliver such notice to the local liquor commissioner. Failure to give the notice required by the provisions of this subsection shall constitute a violation of this chapter subjecting the licensee to revocation or suspension of the local liquor license. No additional license fee shall be payable for a new local liquor license required by virtue of the occurrence of any of the events described in subsection A of this section, and so long as an application therefor is pending and not yet acted on by the local liquor commissioner, the applicant may continue to conduct its business and operations under the local liquor license in effect immediately prior to such occurrence.
C. Within ten days of any change of manager or agent conducting business for the licensee, the licensee shall report such change to the village administrator and shall provide information concerning such manager or agent as required in section 8-5-23 of this chapter. The village administrator shall then promptly deliver such notice to the local liquor commissioner. (Ord. 3428, 5-14-2012)