Md. Code, Economic Development § 10-4A-18
Md. Code, Economic Development § 10-4A-18
in effect(a) A purchaser or affiliate may not directly or indirectly:
(1) manage a venture firm;
(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
(3) control the direction of investments for a venture firm.
(b) Subsection (a) of this section applies whether or not the purchaser or affiliate is authorized to do business in the State.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec§ion=10-4A-18&enactments=falseFetched: 10/16/2026