<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".08" citation="COMAR 36.07.02.08" title_num="36" subtitle_num="07" chapter_num="02" heading="Controlling Entity.">
  <text>The application documents shall:</text>
  <paragraph num="A.">
    <text>State whether another entity has a beneficial ownership in the applicant, as defined in Business Regulation Article, §11-301, Annotated Code of Maryland;</text>
  </paragraph>
  <paragraph num="B.">
    <text>Describe the:</text>
    <paragraph num="(1)">
      <text>Nature of the beneficial ownership; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Extent of control exercised by the beneficial owner; and</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>Include information and documents required under Regulations .04—.09 of this chapter as to each beneficial owner.</text>
  </paragraph>
</regulation>