15 AAC 50.050. License transfer

(a) Except as provided in (b) of this section, no person may transfer or assign a license issued under this chapter to another person.

(b) In the event of death, bankruptcy, receivership, or incompetency of the licensee, or if the business of the licensee is transferred to another person by operation of law, the department may in its discretion, upon notice, allow the license to be operated by the administrator, receiver, guardian, or transferee of the licensee for the remainder of the license year.

(c) Upon application and payment of the fee provided for in 15 AAC 50.030(b) , a license will be transferred to a new place of business for the remainder of the license year.

History: Eff. 2/27/83, Register 85

Authority: AS 43.05.080

AS 43.50.040

AS 43.50.050

AS 43.50.150

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