Section 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.