A. A license shall be purely a personal privilege, good for only the period specified therefor in this chapter hereof 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 or subject to be encumbered or hypothecated. Corporation licenses will abide by the same rule; thus once a majority stockholder has changed, a new license will need to be issued. Such license shall not descend by the laws of the State or intestate devolution, but shall cease upon the death of the licensee provided that executors or administrators of the estate of the deceased licensee, and the trustee of any insolvent or bankrupt licensees when such estate consists in part of alcoholic liquor, may continue the business of the sale or manufacture of alcoholic liquor under order of the appropriate court, and may exercise the privilege of the deceased or insolvent or bankrupt until the expiration of such license, but not longer than six (6) months after the death, bankruptcy or insolvency of such licensee. (Ord. 2018-03-13, 3-13-2018)