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Session Laws, 1986
Volume 768, Page 29   View pdf image
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HARRY HUGHES, Governor                                           29

78.

(a) Upon the death of the holder of any license issued
under the provisions of this article other than Class E, Class F
and Class G licenses, the license shall expire, except as herein
otherwise provided, [provided,] however, that upon application to
the Comptroller, or the clerk of the court issuing such license,
as the case may be, and upon the payment of a fee of one dollar
($1.00), made by the executors or administrators of the deceased
licensee, a certificate of permission may be granted for the
continuation of the business in the name of such executors or
administrators for the benefit of the estate of the deceased for
a period not exceeding eighteen months from the date of any such
permission, unless the license shall sooner expire, in which case
upon application by the executor or administrator as above
provided a renewal license for a period not exceeding eighteen
months after the death of the license holder. Such certificates
of permission and renewal licenses issued will be subject to the
right of protest, revocation, suspension and restriction as in
other cases, upon the payment of a pro rata license fee for such
period, and during the period of such continuation the said
license and the executors or administrators of the deceased shall
be subject to all of the provisions of this article. The said
administrator or executor to which the aforesaid certificate of
permission has been granted may assign or transfer said license
for the benefit of said estate, and upon the approval of the
application for said transfer or assignment, the said license
shall be considered reinstated upon the payment of the balance of
the license fee which might be due to the expiration of the
license year. If the business of the licensee be not continued
as above provided, or if the said license be not transferred or
assigned, his executors or administrators shall be authorized to
apply for and obtain any refund to which the deceased would have
been entitled if his license had been surrendered for
cancellation upon the date of his death. No Class E, Class F or
Class G license shall expire or become inoperative because of the
death and/or incompetency of one or more, but less than all, of
the persons to whom it is issued for a company. If all of the
persons to whom it is so issued shall die and/or become
incompetent during its term, such license shall expire ten days
thereafter, but, upon application within such ten days,
accompanied by a fee payment of $1.00 by a person on behalf of
such company, the Comptroller shall issue a new license
replacing, and containing the privileges of, such license to the
end of the license year.

DRAFTER'S NOTE: This deletes redundant verbiage in Article
2B, § 78(a).

The redundancy occurred as the result of an erroneous
amendment in Ch. 556 of the Acts of the General
Assembly of 1957.

The redundancy was noted by the Michie Company.

 

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Session Laws, 1986
Volume 768, Page 29   View pdf image
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