Md. Code Ann., Alco. Bev. & Cannabis § 32-1405
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2021
As of January 1, 2019
(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) has been a registered voter, taxpayer, and resident of the county for at least 2 years before the 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.
(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.
(b) This section does not affect a license that has already been issued.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.