In this section, “controlling interest” means the ownership or control of sufficient shares or interest in a business to allow for an exercise of control over that business. An applicant for a license shall: include a statement in the application that the applicant is at least 21 years old; and submit an affidavit verifying the application. Except as provided in paragraph (2) of this subsection, a license holder shall meet all requirements of the respective licenses. The term “financial interest” as used in § 4–109(a)(11), (13), and (16) of this article refers to an applicant who is the owner of a controlling interest in a place of business for which a license has been applied for or issued.