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A licensee under this chapter shall have the right to transfer a license to another person provided the licensee shall:

A. Obtain written permission from the license officer for such transfer;

B. Execute the transfer in the form and under the conditions required by law and as prescribed by the license officer;

C. Promptly report the completed act of transfer to the license officer;

D. Pay a fee as established by a resolution of the city council. (Ord. 1806 § 1, 2000).