Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 21-1406
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Terms Used In Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 21-1406
- 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.
The following license holders are exempt from paying an issuing fee for a new license:
(1) a corporation holding a license that has a 50% or less change of its corporate officers;
(2) a nonprofit corporation, fraternal and civic organization, or group holding a license, regardless of the percent of change of its corporate officers; and
(3) a subsequent license holder of a license of a deceased license holder if the subsequent license holder is the spouse or sibling of the deceased license holder.