1996                           LAWS OF MARYLAND                      [CH. 863

tion for transfer of a license unless all obligations of the transferrer
(former licensee) pertaining to the licensed establishment have
been fully paid or some arrangement concerning debts and obliga-
tions satisfactory to his creditors has been made. The board shall
not be bound by this prohibition unless a bona fide creditor submits
his claim, under affidavit, to the board prior to the hearing held on
the transfer and the claim involves an indebtedness which was in-
curred in the operation of the licensed premises. The provisions of
this subsection shall also apply to an application for a new license
whenever it shall appear to the Board that the application for a new
license is being used as a subterfuge for avoiding the aforesaid pro-
visions regarding transfer of licenses.

(f) Same—Corporations or clubs.—In Anne Arundel County, any
corporation or club holding an alcoholic beverage license may, dur-
ing any license year, substitute the name of one of its officers for
the name of any other officer on the license, when the deleted
licensee has died, retired, removed from the county, or no longer
has a financial interest in the corporation or club. The substitution
shall not be accompanied by a sale of corporate stock which results
in a change of the controlling interest of the corporation or club.
The Board shall not approve the application for such substitution
unless all obligations of the corporation or club have been fully paid
or some arrangement concerning debts and obligations satisfactory
to its creditors has been made. The corporation or club shall submit
a letter, signed by the new license applicant and the two remaining
licensees, applying to the board of license commissioners for Anne
Arundel County for a substitution. Upon the approval of the board
of license commissioners and the payment of the necessary costs
and fees, a new license will be issued with the correct names thereon.
In all other cases a formal transfer of the license must be accom-
plished in accordance with subsection (a) of this section.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1963.

Approved May 6, 1963.

CHAPTER 863
(Senate Bill 504)

AN ACT to add new Section 10A to Article 25 of the Annotated Code
of Maryland (1957 Edition), title "County Commissioners", sub-
title "General Provisions", to follow immediately after Section 10
thereof, providing that County Commissioners of Anne Arundel
County may create special taxing districts in which they may
levy, assess, and collect taxes, on all real property subject to ordi-
nary county taxes, for the purpose of creating and maintaining
parking districts and/or pedestrian malls.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 10A be and it is hereby added to Article 25 of the
Annotated Code of Maryland (1957 Edition), title "County Com-