A license is not assignable or transferable. However in the case of death, bankruptcy, receivership, or incompetency of the licensee, or if the business of the licensee is transferred to another by operation of law, the department may extend the license for a limited time to the executor, administrator, trustee, receiver, or the transferee.
Structure Alaska Statutes
Title 43. Revenue and Taxation
Chapter 50. Tobacco Taxes and Sales
Sec. 43.50.020. Separate licenses.
Sec. 43.50.035. Wholesaler-distributor license.
Sec. 43.50.040. Expiration of licenses.
Sec. 43.50.050. Transfer of licenses.
Sec. 43.50.070. Suspension or revocation of or refusal to renew a license.
Sec. 43.50.100. Unlicensed possession or sale.
Sec. 43.50.105. Restrictions on shipping or transporting cigarettes.
Sec. 43.50.140. Disposition of proceeds.
Sec. 43.50.150. Administration and regulatory authority; cooperation with municipalities.