§ 12-502
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/md/state-finance-and-procurement/12-502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–502.
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.