§ 62-4960. Transfer.

When a licensee shall have made a bona fide sale of the business which he is licensed under this article to conduct, he may obtain a transfer of the license issued under this article to the purchaser of the business, but only if, before the transfer, the application of the purchaser shall be approved by the county code compliance department in accordance with the same procedure provided in sections 62-4953, 62-4954 and 62-4955 in the case of issuance of new licenses. Before the issuance of any transfer of license, the transferee shall pay a transfer fee of ten percent of the appropriate annual license fee. Licenses issued under this article shall not be transferable in any other way than provided in this section.

(Code 1979, § 14-246)