Maryland Statutes

§ 14-4701

Maryland·Article gcl Commercial Law·Title 14
(a)In this subtitle the following words have the meanings indicated.
(b)“Affiliate” means a person that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with another person, such that the person:
(1)Owns or has the power to vote more than 50% of the outstanding shares of any voting class of the other person’s securities;
(2)Has the power to elect or influence the election of a majority of the directors, members, or managers of the other person;
(3)Has the power to direct the management of the other person; or
(4)Is subject to the other person’s exercise of the powers described in item (1), (2), or (3) of this subsection.
(c)“Authenticate” means to use

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