2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 6-522 - Distributions
§6-522.
(a) A venture firm may make a qualified distribution at any time.
(b) To make a distribution that is not a qualified distribution, a venture firm first shall pay to the Comptroller the total amount of the designated capital allocated to the venture firm.
(c) After the venture firm has made the payment referred to in subsection (b) of this section, any additional nonqualified distributions shall be made:
(1) 80% to the Comptroller; and
(2) 20% to the owners of the venture firm.
(d) The Comptroller shall distribute all payments received under this section to the General Fund within 30 days of receipt.
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