(a) There is a private bulk sales permit. (b) The Executive Director may issue the permit to an individual who: (1) is at least 21 years old; (2) is a resident of the State; (3) files with the Executive Director an inventory of all alcoholic beverages to be sold; and (4) certifies that all alcoholic beverages to be sold: (i) have been acquired legally and transported into the State in accordance with this article; and (ii) are owned by the individual at the time of application. (c) The permit authorizes the holder to sell the permit holder’s private stock of alcoholic beverages to a person in accordance with this section. (d) A sale under the permit may: (1) be made by: (i) the permit holder; or (ii) an unlicensed agent or auction company acting on behalf of the permit holder; (2) take place on: (i) a premises not licensed under this article; or (ii) a private room of an on–sale retail license holder; and (3) be made to: (i) a State resident who is at least 21 years old; (ii) a retail dealer who holds the proper class of license; or (iii) a person outside the State, if the person may ship alcoholic beverages purchased under the permit to the person’s home state or state of

retail dealer who holds the proper class of license; or (iii) a person outside the State, if the person may ship alcoholic beverages purchased under the permit to the person’s home state or state of ultimate destination. (e) (1) A permit expires 60 days after it is issued. (2) A person may not be issued more than two permits in a calendar year. (f) The permit fee: (1) is $25; and (2) covers the sale of a specific inventory of alcoholic beverages. (g) The Executive Director may adopt regulations regarding any activity relating to the permit, including record–keeping and reporting requirements.