Maryland § 9-1A-19
Full text of Maryland Maryland Code § 9-1A-19, with citation guidance and answers to common questions.
§ 9-1A-19.
(a) Except as provided in subsection (b) of this section, a license issued under this subtitle may not be:
(1) transferred or assigned to another person; or
(2) pledged as collateral.
(b) (1) A licensee may not sell or otherwise transfer more than 5% of the legal or beneficial interests of the licensee unless:
(i) the licensee notifies the Commission of the proposed sale or transfer;
(ii) the Commission determines that the proposed buyer or transferee meets the requirements of this subtitle; and
(iii) the transfer is consistent with the policies and intent of § 9–1A–18 of this subtitle.
(2) Unless the Commission needs a longer time to determine whether the proposed buyer or transferee meets the requirements of this subtitle, if the requirements of paragraph (1) of this subsection are not satisfied, a license issued under this subtitle is automatically revoked 90 days after the sale or transfer.
Frequently Asked Questions About Maryland § 9-1A-19
What does Maryland Code § 9-1A-19 cover?
Section 9-1A-19 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 § 9-1A-19?
A common citation format is "Maryland Code § 9-1A-19" (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 § 9-1A-19 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.