{"data":{"id":"us-md/md.-code-economic-development-10-4a-18","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–4A–18","heading":"","body":"(a) A purchaser or affiliate may not directly or indirectly:\n(1) manage a venture firm;\n(2) beneficially own, through rights, options, convertible interests, or otherwise, more than 15% of the voting securities or other voting ownership interest of a venture firm; or\n(3) control the direction of investments for a venture firm.\n(b) Subsection (a) of this section applies whether or not the purchaser or affiliate is authorized to do business in the State.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-4A-18","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"c9cfe664d0aefa4ae58e3e9ed22d08c367c9bc2927f3540f3103d97d63748fb7","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-4a-17","next":"us-md/md.-code-economic-development-10-4a-19"},"notice":"GroundRules: Original legal text. Not legal advice."}