A. A license issued under this chapter shall be a purely personal privilege, good for a period not to exceed one year after issuance or for up to eight (8) hours for a Class F license (unless sooner revoked or terminated as provided in this chapter) and shall not constitute property, nor shall it be subject to attachment, garnishment, or execution, nor shall it be assignable or transferable, voluntarily or involuntarily, or subject to being encumbered or hypothecated.
B. Such license shall cease and terminate upon the death of the licensee, and shall not descend by the laws of the State of intestate succession; provided, however, that the executor or administrator of the estate of any deceased licensee, and the trustee of any insolvent or bankrupt licensee, when such estate consists in part of alcoholic liquor under the order of a court of competent jurisdiction, may exercise the privileges of the deceased or insolvent or bankrupt licensee after the death of such descendent, or such insolvency or bankruptcy, until the expiration of such license, but in no event for a period longer than six (6) months after the death, bankruptcy or insolvency of such licensee. The executor or administrator of the estate or a business representative of any deceased owner, partner, or shareholder owning five percent (5%) or more of a licensed business shall immediately notify in writing the Liquor Control Commissioner of such death, and indicate what changes in ownership and/or management will result from the death. (Ord. 2015-4, 4-14-2015)