- (1) A licensee may at any time apply for the transfer of the licence to another person (in this section called the ‘‘proposed licensee’’) by lodging with the Authority and the designated liquor officer in whose area of jurisdiction the licensed premises are located, an application in the prescribed manner and form.
- A licensee must, where the transfer of the financial interest referred to in section 51(1) results in the licensee not retaining any financial interest in the licensed business, make an application as contemplated in subsection (1) for the transfer of the licence.
- The proposed licensee contemplated in subsection (1) may apply to the Presiding Officer for consent to conduct the licensed business pending the transfer of the licence to the proposed licensee.