Subd. 1. No license under this chapter shall be granted for operation on any premises upon which taxes, assessments or installments thereof, or other financial claims of the city are owed by the applicant and are delinquent and unpaid.
Subd. 2. For the purpose of this section, "applicant" includes persons and related persons:
A. Owning at least a 50% beneficial interest in the proposed license or in the entity making the application; and
B. At least an undivided one-half interest in the premises proposed to be licensed or at least a 50% beneficial interest in the entity owning the premises.