(a) No permit shall be transferable or assignable.(b) No permit shall be pledged or deposited as collateral security for any loan or upon any other condition. Any pledge or deposit and any contract providing therefor shall be void.(c) A permit issued to any person, pursuant to this chapter, for any premises shall not be transferable to any other person or to any other premises or to any other part of the building containing the permitted premises. It shall be available only to the person therein specified and only for the premises permitted and no other.Acts 1935, No. 108, Art. 3, §§ 8, 9; Pope's Dig., §§ 14112, 14113; Acts 1953, No. 49, § 1; A.S.A. 1947, §§ 48-312, 48-313.
Arkansas Legal Code