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§ 33-1402. Application on behalf of corporation or limited liability company

MD Alcoholic B Code § 33-1402 (2019) (N/A)
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(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 (b) 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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§ 33-1401. Application of general provisions
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§ 33-1403. Additional requirements