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Maryland Code, Alcoholic Beverages and Cannabis § 22-1703

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The Board shall transfer a license that is issued for use in a business if:

(1) the business is sold to a different owner; and

(2) the new owner qualifies as a license holder.

(b)(1) This subsection applies to the resident applicant of a licensed establishment for which a license was transferred after July 1, 1984, on behalf of a corporation, an unincorporated entity, or a limited liability company.

(2) The resident applicant:

(i) 1. if the transferred license is a Class A beer and wine license or a Class A-1 or Class A-2 beer, wine, and liquor license, shall own at least 25% of the total corporation, unincorporated entity, or limited liability company;

2. if the transferred license is any type of license other than one specified in item 1 or 3 of this item, shall own at least 10% of the total business; or

3. for a Class C-1, Class C-2, or Class C-3 license, may own any amount or no amount of the total corporation, unincorporated entity, or limited liability company;

(ii) shall serve as manager or supervisor; and

(iii) shall be physically present on the premises a substantial amount of time on a daily basis.

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Cite this article: FindLaw.com - Maryland Code, Alcoholic Beverages and Cannabis § 22-1703 - last updated January 01, 2025 | https://codes.findlaw.com/md/alcoholic-beverages-and-cannabis/md-code-al-bev-sect-22-1703/

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