§ 89-fff. Licensing. 1. Each license issued under this article shall
state the address or addresses at which the business is to be conducted
and shall state fully the name of the licensee, and the date and place
of its incorporation or organization, as applicable, and the expiration
date of the license. A copy of such license shall be prominently posted
in each place of business of the licensee. Such license shall not be
transferable or assignable.

2. In the event the location at which the business is to be conducted
shall be changed, the licensee shall forthwith notify the secretary in
writing, who shall thereupon without charge attach to the license a
rider setting forth such changed location.

3. In the event that there shall be any changes among the principals
or officers of any licensee, the licensee shall forthwith notify the
secretary in writing, of the name and address of each new principal or
officer, and shall submit a complete set of two fingerprint cards, and
the appropriate fee, for each such principal or officer in accordance
with the provisions of paragraph e of subdivision one of section
eighty-nine-ddd of this article.

4. Prior to the sale or transfer of all or the majority of the stock
or assets of any armored car carrier, the new principals or officers of
the purchaser or transferee shall apply for a new license with the
department in accordance with the provisions of sections eighty-nine-ddd
and eighty-nine-eee of this article. Such application shall be made at
least sixty days prior to such sale or transfer. If the purchaser or
transferee is an existing licensee under this article, then such
licensee need not reapply for licensure hereunder, but shall notify the
department in writing of such purchase or transfer at least sixty days
prior thereto.

5. A license granted under the provisions of this article may be
renewed by the department upon the application therefor by the licensee,
in such form as the department may prescribe, accompanied by the
nonrefundable renewal processing fee pursuant to subdivision two of
section eighty-nine-ddd of this article. In no event shall renewal be
granted more than six months after the date of expiration of a license.
No individual, partnership, association, limited liability company,
corporation, or any other entity shall engage in the business of
providing armored car services subject to this article during any period
which may exist between the date of expiration of a license and the
renewal thereof.