16-4-205. Limit one license to person -- business in name of licensee. No person shall be issued more than one all-beverages license in any year, with the exception of a secured party issued an additional all-beverages license as the result of a default. Such a secured party shall transfer ownership of any additional all-beverages license within 180 days of issuance. No business may be carried on under any license issued under this chapter except in the name of the licensee.

     History: En. Sec. 9, Ch. 84, L. 1937; Sec. 4-411, R.C.M. 1947; amd. and redes. 4-4-207 by Sec. 89, Ch. 387, L. 1975; R.C.M. 1947, 4-4-207; amd. Sec. 1, Ch. 82, L. 1985.