Section 27-1404 - Required statement(a) In this section, "controlling interest" means the ownership or control of sufficient shares or interest in a business to allow for an exercise of control over that business.(b) An applicant for a license shall: (1) include a statement in the application that the applicant is at least 21 years old; and(2) submit an affidavit verifying the application.(c)(1) Except as provided in paragraph (2) of this subsection, a license holder shall meet all requirements of the respective licenses.(2) The term "financial interest" as used in § 4-109(a)(11), (13), and (16) of this article refers to an applicant who is the owner of a controlling interest in a place of business for which a license has been applied for or issued.Amended by 2020 Md. Laws, Ch. 215, Sec. 1, eff. 7/1/2020.Added by 2016 Md. Laws, Ch. 41, Sec. 2, eff. 7/1/2016.