(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 corporation or limited liability company is: (i) a Maryland entity in good standing; or (ii) a foreign entity registered to do business in the State. (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 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) (1) Subsection (b)(3) and (5) of this section does not apply to: (i) a Class B beer, wine, and liquor (on-sale) license for use in a conference center; or (ii) any alcoholic beverages license issued within the municipal limits of any incorporated town. (2) (i) Subject to subparagraph (ii) of this paragraph, in addition to the exemptions in paragraph (1) of this subsection, the Board may exempt up to four other licenses from subsection (b)(3) and (5) of this section. (ii) The Board may not grant an exemption for licensed premises located within the Kent Narrows Commercial Management and Waterfront Improvement District.
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