§ 33-1402

Maryland § 33-1402

• Jurisdiction: Maryland
• Article gab: Alcoholic Beverages and Cannabis
• Title: 33

Text

(a) This section does not apply to:

(1) a license holder of a license issued before May 1, 1977; and

(2) an applicant for a Class B beer, wine, and liquor license.

(b) (1) Except as provided in subsection (a) of this section, a license on behalf of a corporation or limited liability company may be issued only if the following requirements are met.

(2) At least one applicant shall:

(i) be a registered voter, taxpayer, and resident of the county; and

(ii) own at least 10% of the total issued capital stock of the corporation or 10% interest in the limited liability company.

(3) Each applicant shall submit to the Board a sworn statement that includes:

(i) 1. the name and address of each stockholder of the corporation; and

2. the number of voting shares owned by each stockholder; or

(ii) 1. the name and address of each member of the limited liability company; and

2. the percentage share of voting interest owned by each member.