Md. Code Ann., Alc. Bev. & Cannabis § 32-1405
Residency requirements for license
Effective Jul 1, 2020Added by Acts 2016, c. 41, § 2, eff. July 1, 2016. Amended by Acts 2020, c. 462, § 1, eff. July 1, 2020.State of Maryland
(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.
Added by Acts 2016, c. 41, § 2, eff. July 1, 2016. Amended by Acts 2020, c. 462, § 1, eff. July 1, 2020.