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§ 16-208. Surrender, transfer or assignment

West's Annotated Code of MarylandBusiness RegulationEffective: June 1, 2022

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 16. Cigarettes (Refs & Annos)
Subtitle 2. Cigarette Business Licenses (Refs & Annos)
Effective: June 1, 2022
MD Code, Business Regulation, § 16-208
§ 16-208. Surrender, transfer or assignment
(a)(1) A licensed retailer or licensed vending machine operator may not assign the license.
(2) If a licensed subwholesaler or licensed wholesaler sells the licensee's cigarette business and pays to the Executive Director a license assignment fee of $10, the licensee may assign the license to the buyer of the business.
(b) If the cigarette business of a licensee is transferred because of bankruptcy, death, incompetency, receivership, or otherwise by operation of law, the Executive Director shall transfer the license without charge to the new owner of the licensee's business.
(c)(1) If a licensed subwholesaler or licensed wholesaler surrenders the license to the Executive Director and if no disciplinary proceedings are pending against the licensee, the Executive Director shall refund a pro rata part of the license fee for the unexpired term of the license.
(2) A licensed retailer or licensed vending machine operator is not allowed a refund for the unexpired term of the license.

Credits

Added by Acts 1992, c. 4, § 2. Amended by Acts 2019, c. 12, § 1, eff. Jan. 1, 2021; Acts 2022, c. 743, § 1, eff. June 1, 2022.
Formerly Art. 56, § 616.
MD Code, Business Regulation, § 16-208, MD BUS REG § 16-208
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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