1. (1) The applicant has at least $20,000 in liquid assets available to be used in the business to be covered by the license;
2. (2) The business will promote the convenience and advantage of the community in which the place of business will be located; and

3. (3) The applicant or, if the applicant is not an individual, the owners, officers, directors, or members have sufficient experience, character, financial responsibility, and general fitness to:

   1. (i) Command the confidence of the public; and
   2. (ii) Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently.

To qualify for a license, an applicant shall satisfy the Commissioner that:

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.

Formerly Art. 58A, § 4.