Section 10-4A-17 - [Renumbered from 10-489] Qualified business(a)(1) A business that is classified as a qualified business at the time of the first investment in the business by a venture firm, the Enterprise Fund, or the Financing Authority remains classified as a qualified business and may receive follow-on investments from a venture firm, the Enterprise Fund, or the Financing Authority as provided under this subsection.(2) A follow-on investment from a venture firm is a qualified investment even though the business does not meet the definition of a qualified business at the time of the follow-on investment.(3) With respect to an investment by the Enterprise Fund or the Financing Authority, a follow-on investment does not qualify as a qualified investment if, at the time of the follow-on investment, the business no longer meets the definition of a qualified business.(b) Each venture firm shall inform the Corporation in writing when the venture firm requires designated capital for investment or for the payment of approved fees and expenses.Renumbered from § - 10-489by 2020 Md. Laws, Ch. 580, Sec. 1, eff. 10/1/2020.Amended by 2019 Md. Laws, Ch. 488, Sec. 1, eff. 6/1/2019.Amended by 2019 Md. Laws, Ch. 487, Sec. 1, eff. 6/1/2019.Amended by 2015 Md. Laws, Ch. 141, Sec. 2, eff. 10/1/2015.