§ 3½-16. Transfer or assignment of certificates or licenses.

(a)

No license or certificate issued pursuant to this chapter is assignable or transferable except upon written approval by the board in the same manner and subject to the same application, investigation, fees, and public hearing as original applications for licenses or certificates.

(b)

Any majority transfer of shares of stock or interest of any person or operator so as to cause a change in the officers or stockholders of more than twenty (20) percent of the shares of such service shall be deemed a transfer or assignment.

(Ord. No. 76-32, § 11, 7-20-76; Ord. No. 82-69, § 1, 12-16-82; Ord. No. 84-10, § 13, 2-16-84; Ord. No. 88-15, § 5, 4-12-88; Ord. No. 2008-37, § 1, 9-9-08)