Transfer of licence to another person

(1) The Chairperson of a Board may, on an application in writing signed by the proposed transferor and the transferee, transfer any licence to the appointee of the licensee, if approved by him, by the endorsement upon the licence in the form of the Fifth Schedule. (2) Upon such transfer, the appointee shall, until the next quarterly licensing meeting, possess all the rights of the original licence holder and shall be subject and liable to the same duties, obligations and penalties as if the licence had been originally issued to him. (3) The person whose licence is so transferred shall cease to be licensed under this Act, Provided that if such appointee shall, at the next licensing meeting, obtain a confirmation of such transfer by an endorsement to that effect on the licence signed by the Chairperson of the Board, he shall, until the 31st January after the date on which the original licence was issued, possess all the rights of the original licence holder and shall be subject and liable to the same duties, obligations and penalties, as if the licence had been originally issued to him. (4) The provisions of this Act relating to notices, the hearing of applications for licences and objections thereto, shall apply to the proceedings in respect of confirmation of Intoxicating Liquor Licensing [CAP. 150 27 (5) No transfer shall be made before the expiration of three months after the issue of any licence. (6) A fee of ten dollars shall be paid upon each transfer of a