§ 5-27. Transferability and inheritability.

(a)

Permits issued under this article are personal and shall not be transferable, assignable, or heritable. The permit must be returned to the city treasurer within five days of closure, when the ownership of the business is transferred or the business is terminated.

(b)

When the ownership of the business is transferred, the new owner shall be allowed to continue to operate using the transferor's permit until a new permit is issued or denied, if the new owner notifies the city treasurer of the transfer within five days of the transfer and applies for a new alcoholic beverage permit from the city within 15 days of the transfer of ownership. If the permit holder is a corporation or limited liability company, the permit holder shall notify the city treasurer of any changes in the officers, directors, managers, shareholders, members, or persons previously qualified to conduct or manage the business within 15 days of the date of such changes. The notification shall include the suitability documents and information for each new individual required to possess the qualifications of the applicants. However, in the event of the dissolution of a partnership by death, the surviving partner or partners may operate under the partnership permit. The city treasurer shall be notified of any changes to the licensed business premises which increase or decrease the previously approved licensed business premises prior to any such changes.

(Ord. No. 1395, § 1, 12-17-2002; Ord. No. 1687, § 7, 8-1-2016)

State law reference

Similar provisions, R.S. 26:276.