Section 22-1703 - Transfer of license for use in business(a) The Board shall transfer a license that is issued for use in a business if: (1) the business is sold to a different owner; and(2) the new owner qualifies as a license holder.(b)(1) This subsection applies to the resident applicant of a licensed establishment for which a license was transferred after July 1, 1984, on behalf of a corporation, an unincorporated entity, or a limited liability company.(2) The resident applicant:(i)1. if the transferred license is a Class A beer and wine license or a Class A-1 or Class A-2 beer, wine, and liquor license, shall own at least 25% of the total corporation, unincorporated entity, or limited liability company;2. if the transferred license is any type of license other than one specified in item 1 or 3 of this item, shall own at least 10% of the total business; or3. for a Class C-1, Class C-2, or Class C-3 license, may own any amount or no amount of the total corporation, unincorporated entity, or limited liability company;(ii) shall serve as manager or supervisor; and(iii) shall be physically present on the premises a substantial amount of time on a daily basis.Amended by 2018 Md. Laws, Ch. 135, Sec. 1, eff. 7/1/2018.Added by 2016 Md. Laws, Ch. 41, Sec. 2, eff. 7/1/2016.