Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 2-211
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Terms Used In Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 2-211
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
To be issued a manufacturer’s license, the following individuals shall reside in the State at the time of filing an application for the license:
(1) for a sole proprietorship, the individual applicant;
(2) for a corporation or limited liability company, the individual who qualifies as a resident applicant; or
(3) for a partnership, each partner of the applicant.