Maryland Code, BUSINESS REGULATION 12-205
Terms Used In Maryland Code, BUSINESS REGULATION 12-205
- minor: means an individual under the age of 18 years. 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) The Secretary:
(1) may issue a license only for a fixed business address; but
(2) may not issue a license for an address that is:
(i) a hotel or motel room;
(ii) a motor vehicle;
(iii) a post office box; or
(iv) a location which does not meet the qualifications as defined in § 12-101(d) of this title.
(c) The Secretary may not issue more than 1 license for any single business location unless the dealers at that location are in partnership.
(d) The Secretary may not issue a license to a minor.
(e) Whenever a license is suspended or revoked, another license may not be issued to a dealer for the same business location unless the applicant provides the documentation and information, which the Secretary establishes by regulation, is necessary to demonstrate that the applicant will be engaging in a business which is separate and independent from the business of the revoked or suspended license.