§ 5.08.200. Changes in personnel.

A.

Any changes in partnerships, officers, directors, persons holding directly or beneficially more than five percent of the stock or ownership interest, or managers of establishments licensed under this chapter, shall be reported in writing to the liquor control commissioner within ten (10) days of the change. All new personnel shall meet all the standards of this chapter and must otherwise qualify to hold a liquor license. All such changes in personnel shall be subject to review by the liquor control commissioner. In each case, a new investigation shall be completed, with the licensee paying an investigation charge of three hundred seventy-five dollars ($375.00). Such investigation charge is nonrefundable.

B.

When a license has been issued to a partnership and a change of ownership occurs resulting in a partnership interest by one who is not eligible to hold a liquor license, such license shall terminate.

C.

When a license has been issued to a corporation and a change takes place in officers, directors, managers or shareholders of more than five percent of the stock, resulting in the holding of office or such shares of stock by one who is not eligible for a license, such license shall terminate.

D.

When a license has been issued to an individual who is no longer eligible for a license, such license shall terminate.

(Ord. 98-12-1 § 1 (part): prior code § 44.20)