Section 11-205 - Qualifications of applicant for license. - Maryland Statutes

§ 11-205. Qualifications of applicant for license.
 

To qualify for a license, an applicant shall satisfy the Commissioner that: 

(1) The applicant has at least $20,000 in liquid assets available to be used in the business to be covered by the license; 

(2) The business will promote the convenience and advantage of the community in which the place of business will be located; and 

(3) The applicant or, if the applicant is not an individual, the owners, officers, directors, or members have sufficient experience, character, financial responsibility, and general fitness to: 

(i) Command the confidence of the public; and 

(ii) Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently. 
 

[An. Code 1957, art. 58A, § 4; 1980, ch. 33, § 2.]