1. (a) In this title the following words have the meanings indicated.
2. (b) “Business” means an individual or a corporation, partnership, sole proprietorship, joint venture, or other legal entity through which commercial activity is conducted.
3. (c) “Contract” means any agreement in any form.

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

   1. (1) owns more than 25% of the voting stock of a corporation; or
   2. (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.
5. (e) “Convicted” includes an accepted plea of nolo contendere.

6. (f) “Public body” means:

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

Added by Acts 1989, c. 423, § 2, eff. July 1, 1989. Amended by Acts 2005, c. 25, § 13, eff. April 12, 2005.