§ 12-502. Entity

   For the purposes of this subtitle:

   (1) two or more entities shall be considered as the same entity if:

      (i) one entity is a wholly owned subsidiary of the other; or

      (ii) one entity owns or directly or indirectly controls more than 50% of the voting securities of the other entity, regardless of whether the equity interest in that other entity is owned by a foreign government; and

   (2) if an equity interest in an entity is or was owned by a foreign government, that equity interest shall be attributed to the entity.

HISTORY: 2011, chs. 482, 483.