§ 12 — Lapse of licence

12.—(1) Unless expired or earlier revoked under section 22(1), a licence lapses —(a)

when the licensee ceases to exist; or

(b)

if the licensee is a sole proprietorship of which the sole proprietor is an individual — on the death of the sole proprietor.

(2) No part of any licence fee or renewal fee may be refunded upon the lapse of a licence under this section.

—(1) Unless expired or earlier revoked under section 22(1), a licence lapses —(a)

when the licensee ceases to exist; or

(b)

if the licensee is a sole proprietorship of which the sole proprietor is an individual — on the death of the sole proprietor.

(2) No part of any licence fee or renewal fee may be refunded upon the lapse of a licence under this section.