N.Y. Alcoholic Beverage Control Law § 122: Continuance of business by receiver or other representative

§ 122. Continuance of business by receiver or other representative.

If a corporation or copartnership holding any license or holding a

permit for which an annual fee of one hundred dollars or more is

prescribed by this chapter shall be dissolved, or if a receiver or

assignee for the benefit of creditors be appointed therefor, or if a

receiver, assignee for the benefit of creditors or a committee or

conservator of the property of an individual holding any license or

holding a permit for which an annual fee of one hundred dollars or more

is prescribed by this chapter be appointed, during the time for which

such license or permit was granted, or if a person, including a member

of a copartnership, holding any license or holding a permit for which an

annual fee of one hundred dollars or more is prescribed by this chapter

shall die during the term for which such license or permit was given,

such corporation, copartnership, receiver or assignee, or the

administrator or executor of the estate of such individual, or of such

deceased member of a copartnership, or a committee of the property of a

person adjudged to be incompetent, or a conservator of the property of

an individual, or a petition under title eleven of the United States

code shall have been filed and a trustee has been appointed or the

holder of the license of permit has been permitted to remain in

possession without the appointment of a trustee, may continue to carry

on such business upon such premises for the balance of the term for

which such license or permit was effective, with the same rights and

subject to the same restrictions and liabilities as if he had been the

original applicant for and the original holder, or one of either of

them, of such license or permit, providing the approval of the liquor

authority shall be first obtained. Before continuing such business, such

receiver, assignee, individual, committee, or conservator, debtor in

possession, or trustee in bankruptcy shall file a statement setting

forth in such form and substance as the liquor authority may prescribe

the facts and circumstances by which he has succeeded to the rights of

the original licensee or permittee. The liquor authority may, in its

discretion, permit the continuance of such business or may refuse to do

so. In the event that the authority determines to permit the continuance

of the business, the license or permit shall be submitted to the

authority and shall have affixed thereto a certificate in the form

prescribed by the authority. For each such certificate a fee shall be

paid to the liquor authority of fifty dollars by the applicant, except

in the case of an off-premise beer license, such fee shall be ten

dollars which shall be paid into the same fund as other license fees

herein provided for.