The licensing authority shall not approve the transfer of the license to any other location, but it may grant the license to a new applicant at the same location if the applicant files with the licensing authority a letter from the department of revenue indicating that the license is in good standing with the department and that all applicable taxes have been paid.
If the license granted under this act is cancelled, revoked or no longer in use, it shall be returned physically, with all of the legal rights, privileges and restrictions pertaining thereto, to the licensing authority, which may then grant the license to a new applicant at the same location under the same conditions as specified in this act.
Upon issuance of the license authorized in this act, Nine Acres Wines, Inc. shall surrender to the licensing authority the license it currently holds for the sale of wines and malt beverages not to be drunk on the premises.
SECTION 2. This act shall take effect upon its passage.