PART III

Licensing of Credit and Hire Businesses

Miscellaneous

Death, bankruptcy etc. of licencee
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1
A licence held by one individual terminates if he—
a
dies, or
b
is adjudged bankrupt, or
c
becomes a patient within the meaning of Part VIII of the Mental Health Act 1959.
2
In relation to a licence held by one individual, or a partnership or other unincorporated body of persons, or a body corporate, regulations may specify other events relating to the licensee on the occurrence of which the licence is to terminate.
3
Regulations may—
a
provide for the termination of a licence by subsection (1), or under subsection (2), to be deferred for a period not exceeding 12 months, and
b
authorise the business of the licensee to be carried on under the licence by some other person during the period of deferment, subject to such conditions as may be prescribed.
4
This section does not apply to group licences.
1959 c. 22.