{"data":{"id":"us-md/md.-code-economic-development-10-4a-17","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–4A–17","heading":"","body":"(a) (1) A business that is classified as a qualified business at the time of the first investment in the business by a venture firm, the Enterprise Fund, or the Financing Authority remains classified as a qualified business and may receive follow–on investments from a venture firm, the Enterprise Fund, or the Financing Authority as provided under this subsection.\n(2) A follow–on investment from a venture firm is a qualified investment even though the business does not meet the definition of a qualified business at the time of the follow–on investment.\n(3) With respect to an investment by the Enterprise Fund or the Financing Authority, a follow–on investment does not qualify as a qualified investment if, at the time of the follow–on investment, the business no longer meets the definition of a qualified business.\n(b) Each venture firm shall inform the Corporation in writing when the venture firm requires designated capital for investment or for the payment of approved fees and expenses.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-4A-17","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"db29bc3d4880079c53f8a8f9f09eb21f0901321464e17e84db5b02f9045ff808","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-4a-16","next":"us-md/md.-code-economic-development-10-4a-18"},"notice":"GroundRules: Original legal text. Not legal advice."}