§11-12-6. Business certificate a personal privilege not
assignable; change of name, location, ownership, etc.
Every business certificate issued under the provisions of
section four of this article shall confer a personal privilege only
to transact the business, activity or trade, which may be the
subject of the business certificate and shall not be exercised
except by the persons holding the same and shall not be assignable
to any other person.
Changes in the name of the person or change of location, or
address, or changes in ownership of the business or changes in real
parties of interest shall be considered a cessation of the business
and a new certificate shall be required. Changes of partners or
members of firms or officers of a corporation shall not require a
new certificate to be issued.