§ 12-502. Entity

MD State Fin & Pro Code § 12-502 (2019) (N/A)
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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.