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Ch. 539
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2002 LAWS OF MARYLAND
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12-415.
(A) (1) A LICENSEE MAY NOT CHANGE THE PLACE OF BUSINESS FOR WHICH
A LICENSE IS ISSUED UNLESS THE LICENSEE:
(I) NOTIFIES THE COMMISSIONER IN WRITING OF THE PROPOSED
CHANGE; AND
(II) RECEIVES THE APPROVAL OF THE COMMISSIONER
(2) WITHIN 60 DAYS AFTER RECEIVING A REQUEST FOR APPROVAL OF A
PROPOSED CHANGE IN THE PLACE OF BUSINESS FOR A LICENSEE, THE
COMMISSIONER SHALL APPROVE OR DENY THE REQUEST.
(3) IF THE COMMISSIONER DOES NOT DENY A REQUEST FOR APPROVAL
OF A PROPOSED CHANGE IN THE PLACE OF BUSINESS FOR A LICENSEE AS PROVIDED
UNDER PARAGRAPH (2) OF THIS SUBSECTION, THE REQUEST SHALL BE DEEMED
APPROVED.
(B) (1) A LICENSEE MAY NOT UNDERGO A CHANGE IN CONTROL UNLESS
THE LICENSEE:
(I) NOTIFIES THE COMMISSIONER IN WRITING OF THE PROPOSED
CHANGE;
(II) MAKES A WRITTEN REQUEST THAT THE COMMISSIONER
APPROVE THE PROPOSED CHANGE;
(III) PROVIDES ANY INFORMATION THE COMMISSIONER MAY
REQUIRE UNDER PARAGRAPH (3) OF THIS SUBSECTION; AND
(IV) RECEIVES THE APPROVAL OF THE COMMISSIONER
(2) WITHIN 60 DAYS AFTER RECEIVING A REQUEST FOR APPROVAL OF A
PROPOSED CHANGE IN CONTROL, THE COMMISSIONER MAY REQUIRE THE LICENSEE
TO PROVIDE ANY INFORMATION DEEMED NECESSARY TO DETERMINE WHETHER A
NEW APPLICATION IS REQUIRED BECAUSE OF THE PROPOSED CHANGE IN CONTROL.
(3) THE COMMISSIONER SHALL APPROVE OR DENY A REQUEST FOR
APPROVAL OF A PROPOSED CHANGE IN CONTROL:
(I) WITHIN 60 DAYS AFTER THE DATE THE COMMISSIONER
RECEIVES THE REQUEST; OR
(II) IF THE COMMISSIONER REQUESTS INFORMATION FROM THE
LICENSEE UNDER PARAGRAPH (2) OF THIS SUBSECTION, WITHIN 60 DAYS AFTER THE
DATE THE INFORMATION IS RECEIVED BY THE COMMISSIONER
(4) IF THE COMMISSIONER DOES NOT DENY A REQUEST FOR APPROVAL
OF A PROPOSED CHANGE IN CONTROL AS PROVIDED UNDER PARAGRAPH (3) OF THIS
SUBSECTION, THE REQUEST SHALL BE DEEMED APPROVED.
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- 4076 -
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