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Statutes Text

Article - Alcoholic Beverages




§32–1405.

    (a)    Except as provided in subsection (b) of this section, the Board may not issue a license to a corporation or limited liability company unless the individual qualifying under this article:

        (1)    has been a registered voter, taxpayer, and resident of the county for at least 2 years before the submission of the application; and

        (2)    owns at least 20% of the total issued capital stock of the corporation or 20% of the total interests of the limited liability company.

    (b)    This section does not affect a license that has already been issued.