Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 20-1404
Terms Used In Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 20-1404
- 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.
- County: means a county of the State or Baltimore City. See
- 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.
(2) The three individuals are not required to be partners but shall be authorized in writing to act for the partnership.
(3) One of the three individuals shall be a resident and registered voter of the county at the time the application is filed.
(4) The names of each partner shall be stated on the application.
(b) If a corporation, partnership, or limited liability company is a partner of a partnership on behalf of which an application for a license has been filed, the application shall include:
(1) the name of each owner of more than 33% of the stock in the corporate partner;
(2) the name of each owner of more than 33% of ownership interest of the partnership partner; or
(3) the name of each member with more than a 33% interest in the limited liability company partner.