Current with changes from the 2024 Legislative Session
Section 11-301 - "Beneficial ownership" definedIn this subtitle, "beneficial ownership" includes:
(2) stock or other ownership in an entity in a chain of parent and subsidiary or affiliated entities, any 1 of which participates in the capital or profits of a licensee, regardless of the percentage of ownership involved;(3) an interest that entitles a person to benefits substantially equivalent to ownership by an agreement, relationship, or other arrangement even though the person is not an owner of record; and(4) unless there are special circumstances, ownership of a security by a relative of an individual who lives in the home of the individual.