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subsection (c), any unapplied amount of such security deposit, upon depositor's <br />presentation to the collector of a certificate of nonliability stating the nonliability of <br />the depositor for payment of business license taxes as hereunder provided in <br />section 21-141(f). <br />(q) Deposit adiustment—effect. In the case of a determination by the collector that the <br />amount of a previously posted commercial cannabis business owner's/operator's <br />security deposit exceeds the requirements of this section, then the collector shall <br />adjust the amount of the required security deposit. If the prior security deposit was <br />posted on a cash basis, then the collector shall refund the excess amount. If the <br />prior security deposit was posted on a non -cash basis, then an adjusted cash basis <br />security deposit or adjusted non -cash basis security deposit in a form acceptable <br />to the collector may be posted in exchange for the release of the prior security <br />deposit. <br />Section 9. Section 21-141 of Article XIII of Chapter 21 of the Santa Ana <br />Municipal Code is hereby added to read as follows: <br />Sec. 21-141. Sale, assignment, transfer, or termination of business commercial <br />cannabis business owner's/operator's duty to notify: remitting and reporting <br />requirements, closeout audit: successor's duty to notify: successor's and <br />transferor's joint and several liability: certificate of nonliability. <br />(a) OwnerlOperator's duty to notify, <br />termination at least ninety (90) days in advance of the date of termination of <br />shall then immediately notify the collector of said decision and the date of <br />termination of business. <br />ii. Sale, assignment, or transfer of business. A commercial cannabis business <br />owner/operator who is selling, assigning, or otherwise transferring their <br />days in advance of the date of the sale, assignment, or transfer and shall <br />notify the collector in writina of the name and address of the purchaser, <br />transfer their business was made within less than a ninety (90) day period <br />prior to the sale, assignment, or transfer, in which case the transferor shall <br />then immediately notify the successor of the successor's responsibility for <br />19 <br />75A-29 <br />