Maryland § 10-4A-22
Full text of Maryland Maryland Code § 10-4A-22, with citation guidance and answers to common questions.
§ 10-4A-22.
(a) Each venture firm shall be required to make equity investments in an amount not less than 50% of the capital allocated to qualified businesses within 3 years of each capital allocation.
(b) In regards to venture firms that have received an allocation before June 1, 2019, the requirements of subsection (a) of this section shall apply as of June 1, 2019.
(c) In the event that a venture firm fails to meet the requirements of subsection (a) of this section, the Corporation shall:
(1) rescind the allocation and authorization for that firm from the date of noncompliance with subsection (a) of this section and remove that firm’s certification for participation in the program;
(2) cease making the payment of management and other fees to the venture fund from the date of noncompliance with subsection (a) of this section; and
(3) consult and coordinate with the Office of the Attorney General for the recovery of any funds, as may be necessary.
Frequently Asked Questions About Maryland § 10-4A-22
What does Maryland Code § 10-4A-22 cover?
Section 10-4A-22 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-4A-22?
A common citation format is "Maryland Code § 10-4A-22" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-4A-22 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.