§ 12-502

Maryland § 12-502

• Jurisdiction: Maryland
• Article gsf: State Finance and Procurement
• Title: 12

Text

For the purposes of this subtitle:

(1) two or more entities shall be considered as the same entity if:

(i) one entity is a wholly owned subsidiary of the other; or

(ii) one entity owns or directly or indirectly controls more than 50% of the voting securities of the other entity, regardless of whether the equity interest in that other entity is owned by a foreign government; and

(2) if an equity interest in an entity is or was owned by a foreign government, that equity interest shall be attributed to the entity.