§ 12-418. License not transferable; duration.

Each license shall be issued to the applicant only and shall not be transferable to another holder. Any change in the persons named as partners on the application, as required by section 12-412(a)(2)a and any change in the persons who are named in the application as required by section 12-412(a)(3)d shall be deemed a transfer for purposes of this article. If the licensee is a limited partnership, a change in the limited partners of less than 25 percent cumulatively over the license period shall not be deemed a transfer. The change in or addition of a vice-president, secretary or treasurer of a corporation licensee shall not be deemed a transfer. All licenses issued pursuant to this article shall be effective from July 1 through June 30.

(Code 1992, § 1345.10; Ord. No. 1993-10, 8-25-1993)