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Maryland Code, Alcoholic Beverages and Cannabis § 33-1402

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

(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.

(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.

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Cite this article: FindLaw.com - Maryland Code, Alcoholic Beverages and Cannabis § 33-1402 - last updated January 01, 2025 | https://codes.findlaw.com/md/alcoholic-beverages-and-cannabis/md-code-al-bev-sect-33-1402/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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