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<section article="gbr" article_name="Business Regulation" number="17-101" title_number="17" title_name="Miscellaneous State Business Licenses" subtitle_number="1" subtitle_name="Definitions; General Provisions">
  <level label="a">
    <text>In this title the following words have the meanings indicated.</text>
  </level>
  <level label="b">
    <text>“Executive Director” means the Executive Director of the Alcohol, Tobacco, and Cannabis Commission.</text>
  </level>
  <level label="c">
    <text>“Goods” means tangible personal property, items of trade, merchandise, or other types of products sold at wholesale or retail.</text>
  </level>
  <level label="d">
    <text>“License” means a license issued under this title.</text>
  </level>
  <level label="e">
    <level label="1">
      <text>“Sale” means the exchange or transfer, or the agreement to change or transfer, title or possession of goods in any manner for consideration.</text>
    </level>
    <level label="2">
      <text>“Sale” includes barter.</text>
    </level>
  </level>
  <level label="f">
    <text>“Sell” includes barter.</text>
  </level>
  <level label="g">
    <text>“Stock–in–trade” means:</text>
    <level label="1">
      <text>goods held for sale and reported as inventory on the Business Personal Property Tax Return filed with the State Department of Assessments and Taxation; or</text>
    </level>
    <level label="2">
      <text>except for alcoholic beverages, goods held for sale and reported as inventory on the Business Personal Property Tax Return filed with the State Department of Assessments and Taxation for determining the valuation of a trader’s license under Subtitle 18 of this title.</text>
    </level>
  </level>
  <level label="h">
    <text>“Trader” means a person who operates a room or other place of business for selling goods, including goods sold at auction.</text>
  </level>
  <level label="i">
    <text>“Trader’s license” means a license issued by the clerk to do business as a trader.</text>
  </level>
</section>
