1. (1) record ownership;
2. (2) stock or other ownership in an entity in a chain of parent and subsidiary or affiliated entities, any 1 of which participates in the capital or profits of a licensee, regardless of the percentage of ownership involved;
3. (3) an interest that entitles a person to benefits substantially equivalent to ownership by an agreement, relationship, or other arrangement even though the person is not an owner of record; and
4. (4) unless there are special circumstances, ownership of a security by a relative of an individual who lives in the home of the individual.

In this subtitle, “beneficial ownership” includes:

Added by Acts 1992, c. 4, § 2.

Formerly Art. 78B, § 13.