(a) (1) A license for the use of a limited liability company shall be applied for and issued to, as individuals: (i) all of the authorized individuals, if the limited liability company has fewer than three authorized individuals; or (ii) three authorized individuals, if the limited liability company has three or more authorized individuals. (2) At least one of the authorized individuals shall: (i) be a resident of the State at the time the application is filed; and (ii) remain a resident of the State for the duration of time the license is in effect. (b) An application for a limited liability company license shall include: (1) the name, address, and signature of each authorized individual to whom the license shall be issued; and (2) the name and address of the limited liability company.
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