§ 11-1706. Procedures for substitution of names on license

West's Annotated Code of MarylandAlcoholic Beverages and CannabisEffective: July 1, 2016

West's Annotated Code of Maryland
Alcoholic Beverages and Cannabis (Refs & Annos)
Division II. Provisions Affecting Individual Jurisdictions [Titles 9-33] (Refs & Annos)
Title 11. Anne Arundel County (Refs & Annos)
Subtitle 17. Transfer of Licenses; Substitution of Names on License (Refs & Annos)
Effective: July 1, 2016
MD Code, Alcoholic Beverages, § 11-1706
Formerly cited as MD CODE, Art. 2B, § 10-503
§ 11-1706. Procedures for substitution of names on license
Currentness
Conditions for substitution
(a)(1) In addition to the conditions stated under § 4-306(a) of this article, a corporation or club holding a license may substitute on the license the name of a different officer for the name of any officer who:
(i) has moved from the county; or
(ii) no longer has a financial interest in the corporation or club.
(2) The substitution may not be accompanied by a sale of corporate stock that results in a change of the controlling interest of the corporation or club.
Submission of letter
(b) The corporation or club may apply to the Board for a substitution by submitting a letter that is signed by the new license applicant and the two remaining license holders.
Conditions for approval of substitution
(c) The Board may not approve the application for the substitution unless:
(1) all obligations of the corporation or club have been paid; or
(2) an arrangement concerning debts and obligations satisfactory to the creditors of the corporation or club has been made.
Corrected license to be issued
(d)(1) On the approval of the Board and the payment of the necessary costs and fees, a corrected license shall be issued.
(2) In all other cases a formal transfer of the license shall be accomplished in accordance with §§ 4-302, 4-304, and 4-305 of this article.

Credits

Added by Acts 2016, c. 41, § 2, eff. July 1, 2016.
MD Code, Alcoholic Beverages, § 11-1706, MD AL BEV § 11-1706
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document