(b) The Board may issue the license for use by a nonprofit organization or club that:

(1) operates only for the use of its members and their guests when accompanied by members;

(2) meets in a clubhouse that is used exclusively for its members and guests; and

(3) (i) except as provided in item (ii) of this item, has at least 100 members paying dues as required in the year immediately before the year for which the license is issued; or

(ii) if the club is composed exclusively of members who served in the armed forces of the United States and is affiliated with a national organization, has at least 50 members paying the dues that were required by the national organization in the full year immediately before the year for which the license is issued.

(c) The license authorizes the license holder to sell beer, wine, and liquor at retail at a club at the place described in the license, for on- or off-premises consumption.

(d) The annual license fee is $500.