Section 11-301 - "Beneficial ownership" defined. - Maryland Statutes

§ 11-301. "Beneficial ownership" defined.
 

In this subtitle, "beneficial ownership" includes: 

(1) record ownership; 

(2) stock or other ownership in an entity in a chain of parent and subsidiary or affiliated entities, any 1 of which participates in the capital or profits of a licensee, regardless of the percentage of ownership involved; 

(3) an interest that entitles a person to benefits substantially equivalent to ownership by an agreement, relationship, or other arrangement even though the person is not an owner of record; and 

(4) unless there are special circumstances, ownership of a security by a relative of an individual who lives in the home of the individual. 
 

[An. Code 1957, art. 78B, § 13; 1992, ch. 4, § 2.]