§10–4A–18.

    (a)    A purchaser or affiliate may not directly or indirectly:

        (1)    manage a venture firm;

        (2)    beneficially own, through rights, options, convertible interests, or otherwise, more than 15% of the voting securities or other voting ownership interest of a venture firm; or

        (3)    control the direction of investments for a venture firm.

    (b)    Subsection (a) of this section applies whether or not the purchaser or affiliate is authorized to do business in the State.