Md. Code, State Fin. & Proc. § 12-502

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024

Section 12-502 - Entity

For the purposes of this subtitle:

(1) two or more entities shall be considered as the same entity if:

(i) one entity is a wholly owned subsidiary of the other; or

(ii) one entity owns or directly or indirectly controls more than 50% of the voting securities of the other entity, regardless of whether the equity interest in that other entity is owned by a foreign government; and

(2) if an equity interest in an entity is or was owned by a foreign government, that equity interest shall be attributed to the entity.

Md. Code, SF § 12-502