§ 33-1402
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/md/alcoholic-beverages-and-cannabis/33-1402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§33–1402.
(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.
(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.