§ 11-301
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/md/business-regulation/11-301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–301.
In this subtitle, “beneficial ownership” includes:
(1)record ownership;
(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.