Section 16-101 - Definitions(a) In this title the following words have the meanings indicated.(b) "Business" means an individual or a corporation, partnership, sole proprietorship, joint venture, or other legal entity through which commercial activity is conducted.(c) "Contract" means any agreement in any form.(d) "Controlling stockholder" means a stockholder who:(1) owns more than 25% of the voting stock of a corporation; or(2) notwithstanding the number of shares that the stockholder owns, has the power to direct or control the direction of the management or policies of a corporation.(e) "Convicted" includes an accepted plea of nolo contendere.(f) "Public body" means:(3) a local governmental entity in the State, including a bicounty or multicounty governmental entity.