Md. Code, Economic Development § 10-701
This is the official text of Md. Code, Economic Development § 10-701, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–701.
Official statutory text
(a) In this subtitle the following words have the meanings indicated.
(b) “Board” means the Board of Trustees of the Maryland Venture Capital Trust.
(c) “Investor” means a person or governmental entity that invests money in the Maryland Venture Capital Trust.
(d) (1) “Seed capital financing” means financing provided to a business during the initial stages of its development.
(2) “Seed capital financing” includes financing for a business:
(i) to finish research and development of a product;
(ii) to develop marketing plans; and
(iii) to provide for initial facilities, inventory, and working capital.
(e) “Trust” means the Maryland Venture Capital Trust.
(f) “Venture capital fund” means an investment fund that provides capital to a business at any stage of its development before the business makes a public offering of stock.
(b) “Board” means the Board of Trustees of the Maryland Venture Capital Trust.
(c) “Investor” means a person or governmental entity that invests money in the Maryland Venture Capital Trust.
(d) (1) “Seed capital financing” means financing provided to a business during the initial stages of its development.
(2) “Seed capital financing” includes financing for a business:
(i) to finish research and development of a product;
(ii) to develop marketing plans; and
(iii) to provide for initial facilities, inventory, and working capital.
(e) “Trust” means the Maryland Venture Capital Trust.
(f) “Venture capital fund” means an investment fund that provides capital to a business at any stage of its development before the business makes a public offering of stock.
Status: in_force · Read it on the official government site
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