Md. Code, Economic Development § 10-4A-18
This is the official text of Md. Code, Economic Development § 10-4A-18, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–4A–18.
Official statutory text
(a) A purchaser or affiliate may not directly or indirectly:
(1) manage a venture firm;
(2) beneficially own, through rights, options, convertible interests, or otherwise, more than 15% of the voting securities or other voting ownership interest of a venture firm; or
(3) control the direction of investments for a venture firm.
(b) Subsection (a) of this section applies whether or not the purchaser or affiliate is authorized to do business in the State.
(1) manage a venture firm;
(2) beneficially own, through rights, options, convertible interests, or otherwise, more than 15% of the voting securities or other voting ownership interest of a venture firm; or
(3) control the direction of investments for a venture firm.
(b) Subsection (a) of this section applies whether or not the purchaser or affiliate is authorized to do business in the State.
Status: in_force · Read it on the official government site
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