5.48.220 Change of ownership.
When a towing operation for which a permit has been issued, pursuant to this chapter, is sold or transferred to one of the transferees listed in this section, the director of public safety, or his designee, may endorse a change of ownership on such permit upon written application by the transferee. Only the following transferees or successors shall be entitled to such transfer of permit:
A. Duly qualified representatives of permittees regularly appointed by courts of competent jurisdiction, assignees for the benefit of creditors, and spouses or children of deceased permittees;
B. The surviving partner or partners of a dissolved partnership;
C. A new partnership consisting of the members of a predecessor partnership, plus their spouse or spouses of any such members;
D. A new corporation organized and controlled by an individual or unincorporated permittee for the purpose of acquiring, and which has acquired, the assets of the business previously owned and operated by such permittee;
E. Upon dissolution of a closely held corporation, the stockholders to whom the assets are distributed. (Ord. 84-1 § 1, 1984)