Maryland Statutes
Subtitle 7 - Investment Activities in Iran
Section 17-701 - Definitions [Subtitle Subject to Abrogation]

** CONTINGENCY – IN EFFECT – CHAPTERS 446 AND 447 OF 2012 **
    (a)    In this subtitle the following words have the meanings indicated.
    (b)    “Energy sector of Iran” means activities to develop petroleum or natural gas resources or nuclear power in Iran.
    (c)    “Financial institution” has the meaning stated in Section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172).
    (d)    “Iran” includes the government of Iran and any agency or instrumentality of Iran.
    (e)    “Person” includes:
        (1)    a natural person, corporation, company, limited liability company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group;
        (2)    a governmental entity or instrumentality of a government, including a multilateral development institution, as defined by the federal International Financial Institutions Act, 22 U.S.C. 262r(c)(3); or
        (3)    any parent, successor, subunit, direct or indirect subsidiary of, or any entity under common ownership or control with, an entity described in item (1) or (2) of this subsection.
    (f)    “Public body” means:
        (1)    the State;
        (2)    a county, municipal corporation, or other political subdivision;
        (3)    a public instrumentality; or
        (4)    any governmental unit authorized to award a contract.

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