§ 15-414. License not transferable; restrictions on additional partners or shareholders; location and name change.

(a)

No license issued hereunder 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, 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 (1) or more of the partners or shareholders, as the case may be, should die, one (1) or more of the surviving partners or shareholders who were partners or shareholders at the time of issuance of the license may acquire, by purchase or otherwise, the interest effecting a surrender or termination of such license, and in such case the licensee, shall immediately notify the finance department. An adult entertainment establishment license issued to a closely held 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 hereunder is thereafter issued and sold, transferred or assigned.

(b)

No licensee shall change the location of the establishment without obtaining a new license. The licensee upon change of the name of the establishment must notify the finance department of DeKalb County thirty (30) days prior to the change. An application for a license due to a change of location is subject to all requirements of this article.

(Ord. No. 94-02, § 2, 2-8-94)