§ 899-1-T. Transfer of Ownership or Control.

Latest version.

"Transfer of Ownership or Control" of a sexually oriented business shall mean any of the following:
(a)

The sale, lease, or sublease of the business;

(b)

The transfer of securities which constitute a controlling interest in the business, whether by sale, exchange, or similar means; or

(c)

The establishment of a trust, gift, or other similar legal device which transfers the ownership or control of the business, except for transfer by bequest or other operation of law upon the death of the person possessing the ownership or control.

(Ordained by Ord. No. 230-1996, eff. Sept. 6, 1996)

                    
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