In case of the transfer of any license under the provisions of Section 60-6B-3 NMSA, Chapter 39, Laws of 1981, no refund shall be made to the original licensee for the unexpired portion of such license, but such transfer shall vest in the transferee the right to operate under the municipal liquor license tax so paid by the original licensee for the period covered by the paid tax and to pay any balance of such tax upon the same terms and conditions as if such transferee were the original lessee.
(Prior code § 7-4-6)