No certificate issued under this division shall be assignable or transferable by the
person to whom issued, except upon approval by the board in the same manner, and subject
to the same application, investigation, fees and public hearing as original applications
for certificates. Any majority transfer of shares of stock or interest of any person
or operator so as to cause a change in the directors, officers, majority shareholders
or managers of such person or operator shall be deemed a transfer or assignment as
contemplated in this division and subject to the same rules and regulations as any
other transfer or assignment.
(Ord. No. 93-45, § 12, 9-28-93)
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