(a) In this title the following words have the meanings indicated. (b) 'Business' means an individual or a corporation, partnership, sole proprietorship, joint venture, or other legal entity through which commercial activity is conducted. (c) 'Contract' means any agreement in any form. (d) 'Controlling stockholder' means a stockholder who: (1) owns more than 25% of the voting stock of a corporation; or (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. (e) 'Convicted' includes an accepted plea of nolo contendere. (f) 'Public body' means: (1) the State; (2) a unit; or (3) a local governmental entity in the State, including a bicounty or multicounty governmental entity.
Maryland Legal Code