In the event any licensee shall sell the business or discontinue operation for a period of more than 30 days (except closing for remodeling and repairs), or any partnership or corporation or limited liability company shall be dissolved, the license shall terminate forthwith. However, other than in the case of the termination of a partnership or the dissolution of a corporation or limited liability company, a licensee may continue the license in full force and effect, provided the Local Liquor Control Commissioner is notified by the licensee within 40 days from the date of the sale of the business or its discontinuance of a desire to maintain the license, the licensee otherwise complies with all applicable provisions of this chapter, and the licensee designates a location within the village acceptable to the Local Liquor Control Commissioner as the address or location of the license.
(Ord. 2021-O-086, passed 12-7-21)