§ 27-1404

Maryland § 27-1404

• Jurisdiction: Maryland
• Article gab: Alcoholic Beverages and Cannabis
• Title: 27

Text

(a) In this section, “controlling interest” means the ownership or control of sufficient shares or interest in a business to allow for an exercise of control over that business.

(b) An applicant for a license shall:

(1) include a statement in the application that the applicant is at least 21 years old; and

(2) submit an affidavit verifying the application.

(c) (1) Except as provided in paragraph (2) of this subsection, a license holder shall meet all requirements of the respective licenses.

(2) The term “financial interest” as used in § 4–109(a)(11), (13), and (16) of this article refers to an applicant who is the owner of a controlling interest in a place of business for which a license has been applied for or issued.