WILLIAM DONALD SCHAEFER, Governor                   Ch. 511

(2) A TYPE C OR D LICENSE MAY NOT BE ISSUED OR
RENEWED UNDER THIS SUBTITLE UNTIL THE APPLICANT HAS:

(I) FILED WITH THE SECRETARY A FINANCIAL
STATEMENT REVIEWED BY A CERTIFIED PUBLIC ACCOUNTANT ESTABLISHING
THE NET WORTH OF THE APPLICANT'S BUSINESS AS PROVIDED IN
PARAGRAPH (B)(3) OF THIS SECTION SUBSECTION; OR                   

(II) FILED WITH THE SECRETARY A LETTER FROM A
CERTIFIED PUBLIC ACCOUNTANT STATING THAT A REVIEW OF THE
APPLICANT'S BUSINESS RECORDS SHOWS A NET WORTH AS PROVIDED IN
PARAGRAPH (3) OF THIS SUBSECTION.

(3) THE FINANCIAL STATEMENT SHALL INDICATE A MINIMUM
NET WORTH FOR EACH TYPE OF GRAIN DEALER'S LICENSE AS FOLLOWS:

TYPE OF LICENSE                                          MINIMUM AMOUNTS

A	$15,000
B	$35,000
C	$100,000
D	$100,000

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 511

(House Bill 798)

AN ACT concerning

Alcoholic Beverages - Cecil County - Transfer of License

FOR the purpose of repealing in Cecil County the prohibition on a
transferor of an alcoholic beverage license in Cecil County
from exacting remuneration from the transferee of the
license, or treating the license as if it confers any
property right upon the transferor.

BY repealing

Article 2B - Alcoholic Beverages

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