(1) The Chief Commissioner may, if the Chief Commissioner thinks fit, transfer a dealers licence to any person who has applied for such a transfer under section 84 or to any person specified in an application for such a transfer under section 84.
(2) A licence transferred under subsection (1) continues in force until the date of expiration of the original licence and is on the same terms and subject to the same conditions as applied to the original licence.
(3) The person to whom the licence has been transferred is deemed to be the holder of the licence.