# State Government (GSG)

## Title 9. Miscellaneous Executive Agencies

### Subtitle 1A. Video Lottery Terminals

#### Section 9-1A-19

(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 Sec. 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.

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Md. Code Ann., State Gov't (as displayed at mgaleg.maryland.gov, October 16, 2026)