1. (a)

   1. (1) A person may obtain a Class A license of any kind to have the Board declare the license to be extinguished.

   2. (2)

      1. (i) The person shall inform the Board of the purpose for obtaining the license.
      2. (ii) The Board shall declare the license to be extinguished when the person comes into possession of the license.
   3. (3) A person that obtains a license under this section may not exercise the privileges of, sell, assign, or apply for transfer of the license.

   4. (4) A license that is extinguished under this section:

      1. (i) may not be replaced by the Board; and
      2. (ii) counts as one of the number of licenses in the appropriate class listed in § 26-1601 of this title.

2. (b) Within 10 days after coming into possession of the license from a transfer, the person shall:

   1. (1) surrender the license to the Board; and
   2. (2) provide evidence to satisfy the Board that all taxes or obligations owed by the transferors to wholesalers or other persons have been paid.
3. (c) The Board may impose on a person who violates this section a penalty not exceeding $1,000.

Added by Acts 2016, c. 41, § 2, eff. July 1, 2016.