Subject to the exception below for partnerships, no massage establishment license may be sold, transferred, or assigned by the licensee, or by operation of law, to any other person or persons; any such sale, transfer or assignment, or attempted sale, transfer or assignment, shall be deemed to be a voluntary surrender of the license and it shall thereafter be deemed terminated and void. If the licensee is a corporation, its massage establishment license shall be deemed terminated and void under this article when either any outstanding stock of the corporation is sold, transferred or assigned after the issuance of a license, or any stock authorized but not issued at the time of the granting of a license, is thereafter issued and sold, transferred, or assigned.

Notwithstanding the foregoing, if one or more partners of a partnership which is a licensee dies during the life of the license, one or more of the surviving partners may acquire, by purchase or otherwise, the interest of the deceased partner or partners without effecting a surrender or termination of such license; in such case, the licensee shall thereafter be deemed to be the surviving partner(s). (Ord. 505 § 3. 2002 Code § 6-33.6).