{"data":{"id":"us-md/md.-code-business-regulation-11-301","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 11–301","heading":"","body":"In this subtitle, “beneficial ownership” includes:\n(1) record ownership;\n(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;\n(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\n(4) unless there are special circumstances, ownership of a security by a relative of an individual who lives in the home of the individual.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=11-301","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"5207690ab3a52aee05bb30f78d810b293ad8612b6b9c4c55d2376624b88c39f8","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-11-214","next":"us-md/md.-code-business-regulation-11-302"},"notice":"GroundRules: Original legal text. Not legal advice."}