Hamilton : Règlement no 07-170, art. 8(a) — Licensing By-law (Short-Term Rentals)

by a transfer of existing shares, by an issue of new or existing shares, or by some other means, the controlling interest in a corporation holding a licence is determined by the Director of Licensing to have changed hands; or

• (b) one or more partner in a partnership holding a licence is determined by the Director of Licensing to have ceased to be a partner or the partnership is determined by the Director of Licensing to have ceased to exist,

a licence issued under this Schedule shall be deemed to have expired.