<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 2-16 “Financial interest”.">
  <section prefix="§" num="2-16" heading="“Financial interest”.">
    <text>“Financial interest” means ownership of:</text>
    <para num="(1)">more than 3% of a business entity;</para>
    <para num="(2)">securities of any kind that represent or are convertible into ownership of more than 3% of a business entity; or</para>
    <para num="(3)">any interest as the result of which the owner:<para num="(i)">received more than $1,000 in any 1 of the preceding 3 calendar years; or</para>
      <para num="(ii)">is entitled to receive more than $1,000 in the current or any subsequent calendar year.</para>
    </para>
    <annotation type="History">Ord. 04-795</annotation>
    <annotation type="Defined Terms">Business entity	§2-4</annotation>
    <annotation type="Defined Terms">Interest	§2-19</annotation>
  </section>
</baltimore-city-law>
