§ 10-4A-18
75 words·~1 min read·
/md/economic-development/10-4a-18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–4A–18.
(a)A purchaser or affiliate may not directly or indirectly:
(1)manage a venture firm;
(2)beneficially own, through rights, options, convertible interests, or otherwise, more than 15% of the voting securities or other voting ownership interest of a venture firm; or
(3)control the direction of investments for a venture firm.
(b)Subsection
(a)of this section applies whether or not the purchaser or affiliate is authorized to do business in the State.