A. Personal Privilege: A license shall be a purely personal privilege good for and not to exceed one year after issuance unless sooner revoked as is provided in this chapter 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 being encumbered or hypothecated.
B. Sale Of Corporate Or LLC Interest: When the licensee is a corporation or limited liability company, the license shall terminate whenever fifty percent (50%) or more of the ownership interest therein changes from that shown on the original license application. In such event, the corporation or limited liability company, through its officers, members or manager as the case may be, must make application for the issuance of a new license as provided herein; provided, however, that the provisions of this subsection shall not apply where the transfer of an ownership interest is made to an owner shown on the original license application who owned fifty percent (50%) or more of the ownership interest of such corporation or limited liability company at the time the original application was filed with the City.
C. Death, Bankruptcy Or Insolvency: Such licenses shall not descend by the laws of testate or intestate devolution, but shall cease upon the death 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 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 licensee after the death of such decedent or such insolvency or bankruptcy, until the expiration of such license but no longer than twelve (12) months after the death, bankruptcy or insolvency of such licensee.
D. Refund: A refund shall be made of that portion of the license fees paid for any period in which the licensee shall be prevented from operating under such license in accordance with the provisions of this section. (Ord. 2018.11, 3-4-2019, eff. 5-1-2019)