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<regulation prefix="Regulation" num=".02" citation="COMAR 14.17.16.02" title_num="14" subtitle_num="17" chapter_num="16" heading="Disclosure of Ownership and Control.">
  <paragraph num="A.">
    <text>Each licensee shall submit to the Administration a table of organization, ownership, and control in a manner designated by the Administration:</text>
    <paragraph num="(1)">
      <text>On or before July 1 of each year;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Within 10 business days of any change in ownership interest greater than 5 percent; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Upon request by the Administration.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>The table of organization, ownership, and control shall identify the management structure, ownership, and control of the licensee, including but not limited to the:</text>
    <paragraph num="(1)">
      <text>Name of each owner or principal officer and any other individual or entity with the authority to control the licensee;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The office or position held, if any; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>The percentage of ownership interest, if any.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>The identification of ownership shall include:</text>
    <paragraph num="(1)">
      <text>The name and percentage of ownership interest of each individual or business entity with ownership of more than 5 percent of the voting shares of the entity, to the extent such information is known or contained in 13D or 13G Securities and Exchange Division filings; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>To the extent known, the names and percentage of interest of ownership of persons who are relatives of one another and who together exercise control over or own more than 10 percent of the voting shares of the entity.</text>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>A licensee that is owned or controlled, in whole or in part, by another entity shall disclose to the Administration:</text>
    <paragraph num="(1)">
      <text>The relationship between the licensee and the parent or affiliate; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Each owner, board member, or officer and any other individual with control or management authority over those entities owning or controlling the license.</text>
    </paragraph>
  </paragraph>
  <paragraph num="E.">
    <text>Any individual identified as having ownership or control of a license may not have other ownership interest that exceeds the limitations set forth in Alcoholic Beverages and Cannabis Article, §36-401(e), Annotated Code of Maryland.</text>
  </paragraph>
</regulation>