Sec. 151.207. - Transfer of license.

When a licensee shall have made a bona fide sale of the business which he is licensed under this Chapter to conduct, he may obtain a transfer of the license issued under this Chapter to the purchaser of the business but only if, before the transfer, the application of the purchaser shall be approved by the Sheriff in accordance with the same procedure provided in Sections 151.204 , 151.205 and 151.206 in the case of issuance of new licenses. Before the issuance of a transfer of license, the transferee shall pay a transfer fee of ten percent of the appropriate annual license fee. Licenses issued under this Chapter shall not be transferable in any other way than provided in this Section. (Ord. 2005-743-E, § 2)