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§ 16.5-207. Assignment of license prohibited

West's Annotated Code of MarylandBusiness RegulationEffective: January 1, 2021

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 16.5. Other Tobacco Products Licenses (Refs & Annos)
Subtitle 2. Other Tobacco Products Licenses (Refs & Annos)
Effective: January 1, 2021
MD Code, Business Regulation, § 16.5-207
§ 16.5-207. Assignment of license prohibited
Currentness
(a)(1) A licensed other tobacco products retailer or a licensed tobacconist may not assign the license.
(2) If a licensed other tobacco products wholesaler sells the licensee's other tobacco products 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, if the buyer otherwise qualifies under this title for an other tobacco products wholesaler's license.
(b) If the other tobacco products 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, if the transferee otherwise qualifies under this title for the license being transferred.
(c)(1) If a licensed other tobacco products 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 other tobacco products retailer or a licensed tobacconist is not allowed a refund for the unexpired term of the license.

Credits

Added by Acts 2010, c. 388, § 1, eff. May 1, 2011. Amended by Acts 2019, c. 12, § 1, eff. Jan. 1, 2021.
MD Code, Business Regulation, § 16.5-207, MD BUS REG § 16.5-207
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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