§ 11-205. Qualifications of applicant for license

   To qualify for a license, an applicant shall satisfy the Commissioner that:

   (1) The applicant has at least $ 20,000 in liquid assets available to be used in the business to be covered by the license;

   (2) The business will promote the convenience and advantage of the community in which the place of business will be located; and

   (3) The applicant or, if the applicant is not an individual, the owners, officers, directors, or members have sufficient experience, character, financial responsibility, and general fitness to:

      (i) Command the confidence of the public; and

      (ii) Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently.

HISTORY: An. Code 1957, art. 58A, § 4; 1980, ch. 33, § 2.