Regulation .16 Controlling Entity.
Regulation .16 Controlling Entity.LinkCopy Citation
The application documents shall:
A.
State whether another entity has a beneficial ownership in the applicant, as defined in Business Regulation Article, §11-301, Annotated Code of Maryland;
B.
Describe the:
(1)
Nature of the beneficial ownership, and
(2)
Extent of control exercised by the beneficial owner; and
C.
Include information and documents required under Regulations .10 —.15 of this chapter as to each beneficial owner.