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: has died; has retired; or no longer holds an office in the corporation or club. The license holder shall file an affidavit with the Board that contains: the substitution of the officer; and an explanation for the substitution. On receipt of the affidavit, the Board shall: amend its record; and issue a corrected license.