<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".15" citation="COMAR 36.02.03.15" title_num="36" subtitle_num="02" chapter_num="03" heading="Changes in Ownership.">
  <paragraph num="A.">
    <text>General.</text>
    <paragraph num="(1)">
      <text>A retailer license may not be transferred.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>A change in ownership of a retailer’s business:</text>
      <paragraph num="(a)">
        <text>Automatically voids the existing retailer license; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Requires an application for a new license.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(3)">
      <text>A change of ownership includes:</text>
      <paragraph num="(a)">
        <text>A transfer of ownership of the retailer’s business;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The addition of an owner that was not on the original license application; or</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Except as provided in §A(4) of this regulation, a change to the retailer’s business</text>
      </paragraph>
    </paragraph>
    <paragraph num="(4)">
      <text>A change of ownership does not include a voluntary or involuntary transfer of an interest in the retailer’s business to a person identified as an owner on the license.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Retailer Responsibilities.</text>
    <paragraph num="(1)">
      <text>A retailer that transfers ownership:</text>
      <paragraph num="(a)">
        <text>Is responsible for all tickets, lottery equipment, and receipts from lottery sales; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Remains responsible for fulfilling all obligations to the Agency until the change of ownership is approved and the Agency issues a new license.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>A new owner of the business may apply for a license under COMAR 36.02.02 or relinquish lottery equipment remaining on the premises.</text>
    </paragraph>
  </paragraph>
</regulation>