HARRY HUGHES, Governor
Approved May 29, 1979.

CHAPTER 623

(House Bill 1269)

AN ACT concerning

Alcoholic Beverages - Transfer of Licenses
PG 308-79

FOR the purpose of providing that an alcoholic beverage
licensee may be permitted to transfer his place of
business to another location or sell or assign the
license and transfer his stock in trade only if all
retail sales, amusement, admission, and withholding
taxes have been paid to the State Comptroller; and
clarifying language.

BY repealing and reenacting, with amendments,

Article 2B — Alcoholic Beverages

Section 74 (a)

Annotated Code of Maryland

{1976 Replacement Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 2B — Alcoholic Beverages

74.

(a) Any holder of a license under the provisions of
this article, including a receiver or trustee for the
benefit of creditors, may be permitted to transfer his place
of business to some other location [and/or] OR sell or
assign [said] THE license and transfer his stock in trade to
another person, [provided that] BUT ONLY IF application for
[such] THE transfer [and/or] OR sale [shall be] HAS BEEN
made[,]; ALL RETAIL SALES, AMUSEMENT, ADMISSION, AND
WITHHOLDING TAXES HAVE BEEN PAID TO THE COMPTROLLER OF THE
TREASURY OF THE STATE; [and that] a bulk transfer permit is
obtained [where] IF the stock of alcoholic beverages is to
be transferred whether by sale, gift, inheritance,
assignment, or otherwise, and irrespective of whether or not
consideration is paid[ , ]; and the new location [and/or] OR
assignee [shall be] IS approved as in the case of an
original application for such A license. Such transfer
[and/or] OR assignment when made shall be endorsed upon the
license by the official issuing the same, upon payment of a
fee of [one dollar ($1.00)] $1 in addition to the costs of

1729