§ 9–1A-19
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Gov't § 9-1A-19 (2026)
Title 9. Miscellaneous Executive Agencies
Subtitle 1A. Video Lottery Terminals
§ 9–1A-19LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, a license issued under this subtitle may not be:
(1)
transferred or assigned to another person; or
(2)
pledged as collateral.
(b)
(1)
A licensee may not sell or otherwise transfer more than 5% of the legal or beneficial interests of the licensee unless:
(i)
the licensee notifies the Commission of the proposed sale or transfer;
(ii)
the Commission determines that the proposed buyer or transferee meets the requirements of this subtitle; and
(iii)
the transfer is consistent with the policies and intent of § 9–1A–18 of this subtitle.
(2)
Unless the Commission needs a longer time to determine whether the proposed buyer or transferee meets the requirements of this subtitle, if the requirements of paragraph (1) of this subsection are not satisfied, a license issued under this subtitle is automatically revoked 90 days after the sale or transfer.