§ 16-403. Escrow requirement for tobacco product manufacturers
West's Annotated Code of MarylandBusiness RegulationEffective: October 1, 2009
Effective: October 1, 2009
MD Code, Business Regulation, § 16-403
§ 16-403. Escrow requirement for tobacco product manufacturers
(ii) to the extent that a tobacco product manufacturer establishes that the amount it was required to place into escrow on account of units sold in the State in a particular year was greater than the Master Settlement Agreement payments, as determined pursuant to section IX(i) of that Agreement, including after final determination of all adjustments, that such manufacturer would have been required to make on account of such units sold had it been a participating manufacturer, the excess shall be released from escrow and revert back to such tobacco manufacturer; or
(5) In the case of a second knowing violation of subsection (a)(2) or (b) of this section, the tobacco product manufacturer shall be prohibited from selling cigarettes to consumers within the State, whether directly or through a distributor, retailer, or similar intermediary or intermediaries, for a period not to exceed 2 years.
Credits
Added by Acts 2009, c. 12, § 2, eff. Oct. 1, 2009.
MD Code, Business Regulation, § 16-403, MD BUS REG § 16-403
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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