§ 7-17. Attributable interests.

(a) In general.

For purposes of § 7-21 {"Real property"} of this subtitle and § 7-22 {"Business entities"} of this subtitle, the following interests are attributable to and must be reported by the public servant.

(b) Certain interests held by spouse, etc.

An interest is attributable to the public servant if, at any time during the reporting period, it was:

(1) held by a spouse, parent, child, or sibling of the public servant; and

(2) directly or indirectly controlled by the public servant.

(c) Interests held by certain business entities.

(1) An interest is attributable to the public servant if, at any time during the reporting period, it was held by:

(i) a business entity in which an equity interest of 10% or more was held by or otherwise attributable under this section to the public servant;

(ii) a business entity in which a business entity described in subparagraph (i) of this paragraph held a 25% or greater interest;

(iii) a business entity in which a business entity described in subparagraph (ii) of this paragraph held a 50% or greater interest; and

(iv) a business entity in which a public servant directly or indirectly, through an interest in 1 or a combination of other business entities, holds a 10% or greater interest.

(2) This subsection does not limit:

(i) the requirements of § 7-21 {"Real property"} of this subtitle to disclose real property interests held by entities in which the public servant holds an interest; or

(ii) the requirements of § 7-22 {"Business entities"} of this subtitle to disclose certain entities in which the public servant holds an interest.

(d) Interests held by certain trusts.

An interest is attributable to the public servant if, at any time during the reporting period, it was held by a trust or estate in which the public servant:

(1) held a reversionary interest;

(2) was a beneficiary; or

(3) if a revocable trust, was a settlor.