§ 7.1-3-24-10 — Reissuance of permits

Reissuance of Permits. A permit held by a
deceased or bankrupt permittee may be reissued as other permits are
authorized in this title to be reissued if the permit is not transferred by
sale or otherwise with the consent of the chairman before its expiration.
The reissuance shall be made only upon the approval of the court
having jurisdiction of the trust of the applicant if the reissuance is to be
made to an administrator, executor, or his agent, or a receiver or trustee
in bankruptcy. A sale or assignment of the permit shall first be
approved by the court, and only to a person qualified to hold it under
this title. Before the transfer shall legally entitle the purchaser or
assignee to operate under it, the applicant must show the chairman that
he is duly competent and qualified, the same as though he were the
original applicant for it. If the applicant is duly competent and qualified
the chairman may approve the sale or transfer and the commission may
issue a permit to the purchaser or assignee. The commission shall not
reissue a permit to any premises other than those to which the permit
was applicable when held by the decedent or bankrupt.
[Pre-1973 Recodification Citation: 7-1-1-8(1).]
Formerly: Acts 1973, P.L.55, SEC.1.