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Session Laws, 1999
Volume 796, Page 1636   View pdf image
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Ch. 130  1999 LAWS OF MARYLAND

(3) (i) As to an equity interest in a corporation, the individual may
satisfy paragraph (2)(ii) of this subsection by reporting, instead of a dollar amount:

1. the number of shares held; and

2. unless the corporation's stock is publicly traded, the
percentage of equity interest held.

(ii) As to an equity interest in a partnership, limited liability
partnership, or limited liability company, the individual may satisfy paragraph (2)(ii)
of this subsection by reporting, instead of a dollar amount, the percentage of equity
interest held.

(4) If an interest acquired during the applicable reporting period consists
of additions to existing publicly traded corporate interests acquired by dividend or
dividend reinvestment, and the total value of the acquisition is less than $500, only
the manner of acquisition is required to be disclosed under paragraph (2)(iii) of this
subsection.

(d) (1) The statement shall include a schedule of each interest in a business
entity doing business with the State, other than interests reported under subsection
(c) of this section.

(2) For each interest reported, the schedule shall include:

(i) the name and address of the principal office of the business

entity;

(ii) the nature and amount of the interest held, including any
conditions to and encumbrances on the interest;

(iii) if any interest was acquired during the applicable period:

1. the date and manner in which the interest was acquired;

2. the identity of the entity from which the interest was

acquired;

3. if the interest was acquired by purchase, the nature and
amount of the consideration given for the interest; and

4.  if the interest was acquired in any other manner, the fair
market value of the interest when it was acquired; and

(iv) if any interest was transferred, in whole or in part, during the
applicable period:

1. a description of the interest transferred;

2. the nature and amount of the consideration received for

the interest; and

3. the identity of the entity to which the interest was

transferred.

 

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Session Laws, 1999
Volume 796, Page 1636   View pdf image
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