§ 10–4A-18
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-4A-18 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 4A. Invest Maryland Program
§ 10–4A-18LinkCopy Citation
(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.