Maryland § 12-502
Full text of Maryland Maryland Code § 12-502, with citation guidance and answers to common questions.
§ 12-502.
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.
Frequently Asked Questions About Maryland § 12-502
What does Maryland Code § 12-502 cover?
Section 12-502 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 § 12-502?
A common citation format is "Maryland Code § 12-502" (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 § 12-502 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.