(a)
No license issued under this article shall be sold, given, transferred or assigned
by any licensee, or by operation of law, to any other person, persons or entities.
Any such sale, gift, transfer or assignment, or attempted sale, gift, transfer or
assignment, shall be deemed to constitute a voluntary surrender of the license and
such license shall thereafter be null and void, provided, however, if the licensee
is a partnership or corporation, and one or more of the partners or shareholders,
as the case may be, should die, one or more of the surviving partners or shareholders
who were partners or shareholders at the time of the issuance of the license may acquire,
by purchase or otherwise, the interest of the deceased partner or shareholder without
effecting a surrender or termination of such license, and in such case, the licensee,
shall immediately notify the chairperson of the board of commissioners. An adult entertainment
establishment license issued to a corporation shall be deemed terminated and void
when either any outstanding stock of the corporation is sold, transferred or assigned
after the issuance of a license, or any stock authorized but not issued at the time
of the granting of a license under this article is thereafter issued and sold, transferred
or assigned.
(b)
No licensee shall change the name or location of the establishment without obtaining
a new license.
