§ 110.021 RENEWAL OF LICENSES.
   (A)   Any licensee may renew his or her license on May 1 with an option of a bi-annual renewal date of November 1 provided he or she is qualified to receive a license and the premises for which such renewal license is sought is suitable for such purpose; and provided further that the renewal privilege herein provided for shall not be construed as a vested right which shall in any case prevent the Board of Trustees for the village from decreasing the number of licenses to be issued within the village.
   (B)   Any license issued to a corporation for profit shall terminate upon transfer of ownership from one individual or individuals to another of more than 30% of the corporation stock, and any application for renewal of the license in the corporation’s name subsequent to transfer of the ownership of more than 30% of the corporate stock shall be considered and treated as a new application.
   (C)   Whenever a non-corporate licensee under this chapter forms a corporation to operate in lieu of said licensee, a new application and fee is required, even when the shareholder or shareholders of said corporation and the licensee or licensees are one and the same persons.
   (D)   Failure to apply for renewal of a liquor license and to accompany such renewal application with an appropriate fee by the expiration date of the present valid liquor license may be considered by the Commissioner as a decision not to renew.
(Ord. 2018-O-8, passed 3-20-2018)