A.   Personal Nature Of License; Nontransferability: Any license issued hereunder shall be purely a personal privilege to expire not later than April 30 next after the issuance unless sooner revoked as provided in this chapter and such license shall not constitute property nor shall it be subject to attachment, garnishment or execution nor shall it be alienable or transferable, voluntarily or involuntarily, nor shall it be subject to be encumbered or hypothecated. Such license shall not descend by the laws of testate or intestate devolution, but it shall cease and terminate upon the death of the licensee. Such license shall also cease and terminate upon the insolvency or bankruptcy of any licensee; provided, however, that the executor or administrator of the estate of any deceased licensee or the trustee of any insolvent or bankrupt licensee, when such estate consists in part of a business that is licensed under this chapter to sell alcoholic liquors, may continue the business of the sale at retail of such 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 such decedent or insolvency or bankruptcy until the expiration of such license but no longer than six (6) months after the death, bankruptcy or insolvency of such licensee whichever is the first to occur.
   B.   License Nontransferable: A liquor license is nontransferable. In the case of any sale of a business operating with a liquor license or a change in the ownership of the licensee, the license for that address shall be automatically revoked. In the case of a cessation of business by any licensee for forty five (45) successive days, without prior notification to the village, the license issued to the licensee shall be automatically revoked, the number of authorized licenses of the particular class shall automatically be reduced by one, and the licensee must reapply for a liquor license.
   C.   Refund Of License Fee: There shall be no refund of the license fee for any portion of a year during which the licensee ceases to engage in the business of selling alcoholic liquor. (Ord. 01-2173, 9-24-2001)