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§ 12-502. Status as entity

West's Annotated Code of MarylandState Finance and ProcurementEffective: June 1, 2011

West's Annotated Code of Maryland
State Finance and Procurement
Division II. General Procurement Law [Titles 11-End] (Refs & Annos)
Title 12. Organization and Supervision of State Procurement (Refs & Annos)
Subtitle 5. Disclosure Requirements Regarding Involvement in Deportations (Refs & Annos)
Effective: June 1, 2011
MD Code, State Finance and Procurement, § 12-502
§ 12-502. Status as entity
Currentness
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.

Credits

Added by Acts 2011, c. 482, § 1, eff. June 1, 2011; Acts 2011, c. 483, § 1, eff. June 1, 2011.
MD Code, State Finance and Procurement, § 12-502, MD STATE FIN & PROC § 12-502
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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