§ 33-1402. Application on behalf of corporation or limited liability company

West's Annotated Code of MarylandAlcoholic Beverages and CannabisEffective: April 13, 2021

West's Annotated Code of Maryland
Alcoholic Beverages and Cannabis (Refs & Annos)
Division II. Provisions Affecting Individual Jurisdictions [Titles 9-33] (Refs & Annos)
Title 33. Worcester County (Refs & Annos)
Subtitle 14. Applications for Licenses (Refs & Annos)
Effective: April 13, 2021
MD Code, Alcoholic Beverages, § 33-1402
Formerly cited as MD CODE, Art. 2B, § 9-101
§ 33-1402. Application on behalf of corporation or limited liability company
Currentness
Scope of section
(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.
Requirements for applicants
(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.

Credits

Added by Acts 2016, c. 41, § 2, eff. July 1, 2016. Amended by Acts 2021, c. 109, § 1, eff. April 13, 2021.
MD Code, Alcoholic Beverages, § 33-1402, MD AL BEV § 33-1402
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