§ 11–301
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 11-301 (2026)
Title 11. Horse Racing
Subtitle 3. Licensing and Responsibilities of Licensees
§ 11–301LinkCopy Citation
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.