1. (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.

2. (b) An applicant for a license shall:

   1. (1) include a statement in the application that the applicant is at least 21 years old; and
   2. (2) submit an affidavit verifying the application.

3. (c)

   1. (1) Except as provided in paragraph (2) of this subsection, a license holder shall meet all requirements of the respective licenses.
   2. (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.

Added by Acts 2016, c. 41, § 2, eff. July 1, 2016. Amended by Acts 2020, c. 215, § 1, eff. July 1, 2020.