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If a partner dies or leaves a partnership, or a new partner joins, or a person inherits a business with a motor trade number, the number remains valid for its original term, and the new owner is considered the holder of that number.

(5) If a motor trade number is held by a partnership and one of the partners dies or ceases to be a partner of the partnership or a new partner is admitted thereto or if a person obtains from the estate of a deceased spouse the business of -

(a) motor transport contractor;

(b) manufacturer;

(c) builder;

(d) importer;

(e) motor dealer; or

(f) banking institution,

and a motor trade number is in force in respect of that business, every such number, notwithstanding any provisions to the contrary contained in this Part, remains in force for the unexpired period of the motor trade number licence concerned, in respect of that business and the new owner of the business is deemed to be the holder of the motor trade number.