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Maryland Code, Alcoholic Beverages and Cannabis § 32-1405

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

(a) Except as provided in subsection (b) of this section, the Board may not issue a license to a corporation or limited liability company unless the individual qualifying under this article:

(1) is a registered voter, taxpayer, and resident of the county at the time of submission of the application; and

(2) owns at least 20% of the total issued capital stock of the corporation or 20% of the total interests of the limited liability company.

(b) This section does not affect a license that has already been issued.

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Cite this article: FindLaw.com - Maryland Code, Alcoholic Beverages and Cannabis § 32-1405 - last updated January 01, 2025 | https://codes.findlaw.com/md/alcoholic-beverages-and-cannabis/md-code-al-bev-sect-32-1405/

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