As used in this chapter and chapter 3, unless the context otherwise indicates, the following terms have the following meanings.
If an officer, director, shareholder, partner, manager or member under paragraph B, C, D, E or F is a business entity, "principal" means any natural person to whom the business entity has given authority to manage, direct or oversee the applicant's or licensee's operations.
"Principal" does not include those persons whose managerial responsibilities are limited to staff supervision and who are not authorized to act on behalf of the applicant or licensee.
For purposes of this subsection, "operations" does not include human resources, information technology, marketing or accounting and finance.
28-B M.R.S. § 102-A