A. Except as provided in this Section, no license shall be transferred or assigned from one person to another.
B. The Bureau shall allow transfer of a license for the balance of its term to a successor or transferee who continues the acts that constituted hotel management activities requiring a license under this Chapter. Any transfer shall be reported to the Bureau in writing or on a form provided by the Bureau and shall be effective when the Bureau approves the transfer as complete. The licensee shall be responsible for any license fee installments which become payable prior to the Bureau’s approval; and the transferee shall be responsible for any license fee installments which become payable after the Bureau’s approval.