§ 10-125. Transfer or assignment of certificates or permits.

(a)

No certificate or permit issued under this article shall be assignable or transferable by the certificate or permit holder(s) to whom issued unless approval is obtained from the board in the same manner and subject to the application, investigation, fees and public hearing as original applications for certificates.

(b)

Any majority transfer of shares of stock or interest of any person or certificate or permit holder(s) so as to cause a change in the directors, officers, majority stockholders or managers of such person or certificate or permit holder(s) shall be deemed a transfer or assignment as contemplated in this article and subject to the same rules and regulations as any other transfer or assignment.

(c)

A change in appointed or elected official(s) in a governmental entity shall not constitute the need for transfer or assignment of the certificate or permit.

(Ord. No. 14-04, § 15, 3-4-14)