132.17(A) Notification. If a
transfers, sells or assigns its registration or its facilities
, incident to a transfer, sale or assignment of the
’s assets, the transferee, buyer or assignee shall be obligated to comply with the terms of this Chapter. To the extent allowed by applicable , written notice of any such transfer, sale or assignment or transfer of ownership or control of a
’s business shall be provided to the within 14 business days of the effective date of the transfer, sale or assignment. If the transferee, buyer or assignee is a current
, then the transferee, buyer or assignee is not required to re-register. If the transferee, buyer or assignee is not a current
, then the transferee, buyer or assignee shall register as provided in § 132.10 within 60 calendar days of the transfer, sale or assignment. if permit applications are pending in the
’s name, the transferee, buyer or assignee shall notify the appropriate officials that the transferee, buyer or assignee is the new
.
132.17(B) Subordination. Any mortgage, pledge, lease or other encumbrance on the shall be subject and subordinate to the rights of the under this Chapter and applicable .
(Ord. 2010-23, passed 10-4-2010)