Maryland § 11-1706
Full text of Maryland Maryland Code § 11-1706, with citation guidance and answers to common questions.
§ 11-1706.
(a) (1) In addition to the conditions stated under § 4–306(a) of this article, a corporation or club holding a license may substitute on the license the name of a different officer for the name of any officer who:
(i) has moved from the county; or
(ii) no longer has a financial interest in the corporation or club.
(2) The substitution may not be accompanied by a sale of corporate stock that results in a change of the controlling interest of the corporation or club.
(b) The corporation or club may apply to the Board for a substitution by submitting a letter that is signed by the new license applicant and the two remaining license holders.
(c) The Board may not approve the application for the substitution unless:
(1) all obligations of the corporation or club have been paid; or
(2) an arrangement concerning debts and obligations satisfactory to the creditors of the corporation or club has been made.
(d) (1) On the approval of the Board and the payment of the necessary costs and fees, a corrected license shall be issued.
(2) In all other cases a formal transfer of the license shall be accomplished in accordance with §§ 4–302, 4–304, and 4–305 of this article.
Frequently Asked Questions About Maryland § 11-1706
What does Maryland Code § 11-1706 cover?
Section 11-1706 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-1706?
A common citation format is "Maryland Code § 11-1706" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-1706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.