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Statutes Text

Article - Alcoholic Beverages


    (a)    This section does not apply to:

        (1)    a license holder of a license issued before May 1, 1977; and

        (2)    an applicant for a Class B beer, wine, and liquor license.

    (b)    (1)    Except as provided in subsection (b) of this section, a license on behalf of a corporation or limited liability company may be issued only if the following requirements are met.

        (2)    At least one applicant shall:

            (i)    be a registered voter, taxpayer, and resident of the county; and

            (ii)    own at least 10% of the total issued capital stock of the corporation or 10% interest in the limited liability company.

        (3)    Each applicant shall submit to the Board a sworn statement that includes:

            (i)    1.    the name and address of each stockholder of the corporation; and

                2.    the number of voting shares owned by each stockholder; or

            (ii)    1.    the name and address of each member of the limited liability company; and

                2.    the percentage share of voting interest owned by each member.

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