# COMAR Title 09 — Maryland Department of Labor

## Subtitle 10 — Racing Commission

### Chapter 06 — New Racetrack License

#### Regulation .16 Controlling Entity.

*COMAR 09.10.06.16*

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.