Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 4-203
Terms Used In Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 4-203
- 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
(1) to an individual; or
(2) for the use of a partnership, a corporation, an unincorporated association, or a limited liability company.
(b) (1) A single individual may hold Class B beer, wine, and liquor licenses or Class BLX or equivalent licenses issued by different local licensing boards only for restaurants, hotels, or motels.
(2) The number of licenses that a single individual may hold is limited only by the cap imposed by each local licensing board on the licenses that the local licensing board issues.
(3) The licenses may be issued for the use of:
(i) the license holder; or
(ii) a partnership, a corporation, an unincorporated association, or a limited liability company.
(c) Except as otherwise provided in Division II of this article or Title 3, Title 4, or Title 5 of this division, an individual may not be issued in the State more than one Class A, Class C, or Class D license for the use of:
(1) that individual; or
(2) a partnership, a corporation, an unincorporated association, or a limited liability company.