A local liquor license shall be purely a personal privilege, effective for a maximum of 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, nor subject to being encumbered or hypothecated. Such local liquor license shall cease upon the death of a licensee who is an individual person, and shall not descend to any heirs of the licensee; provided, that executors or administrators of the estate of any deceased licensee, and the trustee of any insolvent or bankrupt licensee, when such estate consists in part of a business involved in the sale of alcoholic liquor, may continue the business of the sale of alcoholic liquor under order of the appropriate court, and may exercise the privileges of the deceased or insolvent or bankrupt licensee after the death of such decedent or such insolvency or bankruptcy until the expiration of such local liquor license, but not longer than six months after the death, bankruptcy or insolvency of such licensee. (Ord. 3428, 5-14-2012)