Md. Code, Alc. Bev. & Cannabis § 27-1404
Md. Code, Alc. Bev. & Cannabis § 27-1404
Maryland · Maryland Code, Alcoholic Beverages and Cannabis · Status: effective
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- Citation
- Md. Code, Alc. Bev. & Cannabis § 27-1404, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1748899
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Full text
(a) In this section, “controlling interest” means the ownership or control of sufficient shares or interest in a business to allow for an exercise of control over that business.
(b) An applicant for a license shall:
(1) include a statement in the application that the applicant is at least 21 years old; and
(2) submit an affidavit verifying the application.
(c) (1) Except as provided in paragraph (2) of this subsection, a license holder shall meet all requirements of the respective licenses.
(2) The term “financial interest” as used in § 4–109(a)(11), (13), and (16) of this article refers to an applicant who is the owner of a controlling interest in a place of business for which a license has been applied for or issued.