(1) If the owner of any registered still shall transfer such still to any other person, by sale, lease or otherwise, such owner shall within 7 days give to the Comptroller of Excise notice in writing under his or her hand setting out the name and situation or other sufficient description of the distillery or place where such still was at the time of transfer, the date of the transfer and the name and residence or place of business of the transferee; and the transferee shall within 7 days give to the Comptroller of Excise notice in writing under his or her hand stating the name of such previous owner, the last situation of the still while in the possession of such owner, and the place where such still is intended to be kept or deposited by the transferee.