No adult entertainment establishment permit may be conveyed, sold, transferred or
assigned by any person or by operation of law. Any such conveyance, sale, transfer
or assignment or attempted sale, transfer or assignment shall be deemed to constitute
a voluntary surrender of such permit, and such permit shall thereafter be null and
void; provided and excepting, however, that if the permit holder is a partnership
and one or more of the partners should die, one or more of the surviving partners
may acquire, by purchase or otherwise, the interest of the deceased partner or partners
without effecting a surrender or termination of such permit, and in such case the
permit, upon notification to the city by way of a certified copy of the death certificate
of the deceased partner or partners, shall be placed in the name of the surviving
partner. An adult entertainment establishment permit issued to a 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 permit or any stock authorized
but not issued at the time of the granting of a permit is thereafter issued and sold,
transferred or assigned.
(Ord. No. 05-2008, § 1, 4-28-2008)
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