<?xml version='1.0' encoding='utf-8'?>
<section article="gab" article_name="Alcoholic Beverages and Cannabis" number="26-1507" title_number="26" title_name="Prince George's County" subtitle_number="15" subtitle_name="Issuance or Denial of Licenses">
  <level label="a">
    <text>A license holder may create a security interest in the license in favor of a landlord or a creditor of the license holder.</text>
  </level>
  <level label="b">
    <text>The security interest shall be perfected in accordance with the Commercial Law Article.</text>
  </level>
  <level label="c">
    <text>The license holder shall deliver to the Board a copy of the underlying security agreement that is signed by or on behalf of the individual or entity that holds the license.</text>
  </level>
</section>
