Section 5.04.520 Transfer limitations.

    Sexually oriented business licenses granted under this article shall not be transferable. It is unlawful for a license held by an individual to be transferred. It is unlawful for a license held by a corporation, partnership, or other noncorporate entity to transfer any part in excess of ten (10) percent thereof without filing a new application and obtaining prior County approval. If any transfer of the controlling interest in a business licensee occurs, the license is immediately null and void and the business shall not operate until a separate new license has been properly issued by the County as provided in this article. (Ord. 4-2000 Art. X(P))