§ 11–308
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 11-308 (2026)
Title 11. Horse Racing
Subtitle 3. Licensing and Responsibilities of Licensees
§ 11–308LinkCopy Citation
(a)
Subject to the hearing provisions of §§ 11-309 and 11-310 of this subtitle, the Commission may deny a license to an applicant or discipline a licensee in accordance with this section.
(b)
The Commission may deny a license to any applicant for any reason that the Commission considers sufficient.
(c)
(1)
The Commission may reprimand any licensee or suspend or revoke a license if the licensee violates:
(i)
this title;
(ii)
a regulation adopted under this title; or
(iii)
a condition set by the Commission.
(2)
The Commission shall suspend or revoke a license if the applicant or licensee fails to:
(i)
keep records and make reports of ownership of stock that are required under § 11-314 of this subtitle; or
(ii)
make a reasonable effort to get affidavits required under § 11-314(b) and (c) of this subtitle.
(d)
(1)
The Commission may impose a penalty not exceeding $5,000 for each racing day that the licensee is in violation of subsection (c) of this section:
(i)
instead of suspending or revoking a license under subsection (c)(1) of this section; and
(ii)
in addition to suspending or revoking a license under subsection (c)(2) of this section.
(2)
To determine the amount of the penalty imposed under paragraph (1) of this subsection, the Commission shall consider:
(i)
the seriousness of the violation;
(ii)
the harm caused by the violation; and
(iii)
the good faith or lack of good faith of the licensee.
(3)
A penalty imposed on a licensee shall be paid from the licensee’s share of the takeout.