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Statutes Text

Article - Alcoholic Beverages




§27–1403.

    (a)    (1)    An individual on behalf of a corporation or limited liability company may not be issued a Class A beer, wine, and liquor license unless the owners of 75% of the total issued capital stock or interest in the corporation or limited liability company have been residents of the county for 2 years immediately before the application is filed.

        (2)    A Class A beer, wine, and liquor license may not be issued for a corporation if more than one class of common stock is authorized by the corporate charter.

    (b)    (1)    This subsection does not apply to:

            (i)    a Class A beer, wine, and liquor license; or

            (ii)    any other license issued before May 1, 1976.

        (2)    An applicant for a license on behalf of a corporation or limited liability company is not required to be a resident of the county.

        (3)    Except as provided in subsection (c) of this section, each applicant applying for a license for a corporation or limited liability company shall:

            (i)    be a resident of the State; and

            (ii)    own at least 15% of the total outstanding shares of common stock of the corporation or at least a 15% interest in the limited liability company, entitling the applicant to vote at a meeting of stockholders or members.

        (4)    A license may not be issued for a corporation if more than one class of common stock is authorized by the corporate charter.

        (5)    Except as provided in subsection (c) of this section, each year, an applicant, the corporation, or the limited liability company shall submit to the Board a sworn statement that contains:

            (i)    the name and address of each stockholder of the corporation and the number of shares the stockholder owns and is entitled to vote at a stockholder meeting; or

            (ii)    the name and address of each member of the limited liability company and the amount of interest the member owns and is entitled to vote at a meeting of members.

        (6)    The Board may require an applicant to submit other information regarding the background and prior activities of the applicant.

    (c)    Subsection (b)(3) and (5) of this section does not apply to a Class B beer, wine, and liquor (on–sale) license for use in a conference center.