Current with changes from the 2024 Legislative Session
Section 10-701 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Board" means the Board of Trustees of the Maryland Venture Capital Trust.(c) "Investor" means a person or governmental entity that invests money in the Maryland Venture Capital Trust.(d)(1) "Seed capital financing" means financing provided to a business during the initial stages of its development.(2) "Seed capital financing" includes financing for a business:(i) to finish research and development of a product;(ii) to develop marketing plans; and(iii) to provide for initial facilities, inventory, and working capital.(e) "Trust" means the Maryland Venture Capital Trust.(f) "Venture capital fund" means an investment fund that provides capital to a business at any stage of its development before the business makes a public offering of stock.