(a) For a Class C license issued for the use of a corporation or club, the license holder may substitute on the license the name of a different officer for the name of any officer who:
(1) has died;
(2) has retired; or
(3) no longer holds an office in the corporation or club.
(b) The license holder shall file an affidavit with the Board that contains:
(1) the substitution of the officer; and
(2) an explanation for the substitution.
(c) On receipt of the affidavit, the Board shall:
(1) amend its record; and
(2) issue a corrected license.