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Statutes Text

Article - State Finance and Procurement




§16–101.

    (a)    In this title the following words have the meanings indicated.

    (b)    “Business” means an individual or a corporation, partnership, sole proprietorship, joint venture, or other legal entity through which commercial activity is conducted.

    (c)    “Contract” means any agreement in any form.

    (d)    “Controlling stockholder” means a stockholder who:

        (1)    owns more than 25% of the voting stock of a corporation; or

        (2)    notwithstanding the number of shares that the stockholder owns, has the power to direct or control the direction of the management or policies of a corporation.

    (e)    “Convicted” includes an accepted plea of nolo contendere.

    (f)    “Public body” means:

        (1)    the State;

        (2)    a unit; or

        (3)    a local governmental entity in the State, including a bicounty or multicounty governmental entity.



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