§25–1404.

    (a)    (1)    Except as provided in subsection (b) of this section, an application for a license on behalf of a partnership shall be made by and the license issued to at least two general partners as individuals.

        (2)    When an application for a partnership is filed, at least one of the general partners who applies is required to reside in the State.

    (b)    An application for a license shall be made by and the license issued to one general partner as an individual if:

        (1)    the partnership has only one general partner; and

        (2)    the general partner resides in the State at the time of application.