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Current as of December 31, 2021 | Updated by FindLaw Staff
(a) Subject to the hearing provisions of §§ 11-309 and 11-310 of this subtitle, the Commission may deny a license to an applicant or discipline a licensee in accordance with this section.
(b) The Commission may deny a license to any applicant for any reason that the Commission considers sufficient.
(c)(1) The Commission may reprimand any licensee or suspend or revoke a license if the licensee violates:
(i) this title;
(ii) a regulation adopted under this title; or
(iii) a condition set by the Commission.
(2) The Commission shall suspend or revoke a license if the applicant or licensee fails to:
(i) keep records and make reports of ownership of stock that are required under § 11-314 of this subtitle; or
(ii) make a reasonable effort to get affidavits required under § 11-314(b) and (c) of this subtitle.
(d)(1) The Commission may impose a penalty not exceeding $5,000 for each racing day that the licensee is in violation of subsection (c) of this section:
(i) instead of suspending or revoking a license under subsection (c)(1) of this section; and
(ii) in addition to suspending or revoking a license under subsection (c)(2) of this section.
(2) To determine the amount of the penalty imposed under paragraph (1) of this subsection, the Commission shall consider:
(i) the seriousness of the violation;
(ii) the harm caused by the violation; and
(iii) the good faith or lack of good faith of the licensee.
(3) A penalty imposed on a licensee shall be paid from the licensee's share of the takeout.
Cite this article: FindLaw.com - Maryland Code, Business Regulation § 11-308 - last updated December 31, 2021 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-11-308/
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 or via Westlaw before relying on it for your legal needs.
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