LIQUOR LICENSING ACT 1997 - SECT 64

LIQUOR LICENSING ACT 1997 - SECT 64

64—Limitation on sale or assignment of rights under licence

        (1)         A licensee cannot sell or assign rights to carry on business under the licence unless the transfer of the licence to the purchaser or assignee has been approved by the licensing authority.

        (2)         This section does not prevent a licensee from entering into a contract for the sale or assignment of rights to carry on business under the licence if the contract is subject to a condition precedent under which the sale or assignment will not take effect unless and until the transfer of the licence to the purchaser or assignee has been approved by the licensing authority.