§ 10-31. Corporations, partnerships, or associations.

(a)

All corporations, partnerships, and associations must designate an operating manager. The operating manager must be a person working full-time at the licensed premises who is in charge of day-to-day liquor sales.

(b)

Licenses issued to corporations shall be valid only so long as there is no change in the officers or ownership interest of the corporation, as defined in this article, unless such change is approved by the council. The requirement concerning change in officers does not apply to corporations whose stock is traded on the New York or American Stock Exchanges.

(c)

Licenses issued to associations or partnerships shall be valid only so long as there is no change in the partnership or association, unless such change is approved by the council.

(d)

Corporations, partnerships, or associations holding licenses shall submit written notice to the city clerk of any changes described herein on or before 30 days prior to the effective date of any such change. Notwithstanding the definition of "interest" as defined in this article, in the case of a corporation, the licensee shall notify the city clerk when a person not listed in the application acquires an interest that, when combined with that of a spouse, parent, brother, sister, or child, exceeds five percent and shall give all information about said person as is required of a person pursuant to the provisions of this article.

(e)

Corporations holding licenses shall submit written notice to the city clerk of any change in operating managers prior to the effective date of such change. The written notice shall designate the new operating manager. The new operating manager shall be subject to the investigation required by this article.

(f)

The designation of a new operating manager shall not cause the corporation's license to become invalid before a decision is rendered by the city manager or city manager's designee, provided proper notice and application are made by the applicant. A proposed new operating manager shall be referred to as the interim operating manager. In the event an interim operating manager is rejected by the city manager or city manager's designee, the corporation shall designate another interim operating manager and make the required application within 15 days of the decision by the city manager or city manager's designee. In any event, a corporation shall be limited to two successive interim operating managers.

(Ord. No. 299, § 1, 3-13-00)