A license shall be a purely personal privilege and shall not constitute property, nor shall it be subject to being transferred, encumbered or hypothecated. The license shall not descend by the laws of testate or intestate devolution and shall cease upon the death of the licensee; provided, that the executors or administrators of the estate of any deceased licensee, when the 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 privileges of the deceased or insolvent or bankrupt licensee after the death of the descendant, or the insolvency or bankruptcy, until the expiration of the license, but not longer than six months after the death, bankruptcy or insolvency of the licensee. 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 the license in accordance with the provisions of this section.
(1986 Code, § 4-44)