§ 7-22. Business entities.

(a) In general.

The statement must include a schedule of each interest in any corporation, partnership, limited liability company, or any other business entity, whether or not that entity does business with or is regulated by the City, if, at any time during the reporting period, the interest was held by or, under § 7-17 {"Attributable interests"} of this subtitle, was attributable to the public servant.

(b) Required specifics.

For each interest subject to this section, the schedule must include:

(1) the name and address of the principal office of the business entity;

(2) subject to subsection (c) of this section, the nature and amount of the interest held, including any conditions to and encumbrances on the interest;

(3) except as provided in subsection (d) of this section, if any interest was acquired during the reporting period:

(i) the date and manner in which the interest was acquired;

(ii) the identity of the person from which the interest was acquired;

(iii) if the interest was acquired by purchase, the nature and amount of the consideration given for the interest; and

(iv) if the interest was acquired in any other manner, the fair market value of the interest when it was acquired; and

(4) if any interest was transferred, in whole or in part, during the reporting period:

(i) a description of the interest transferred;

(ii) the nature and amount of the consideration received for the interest; and

(iii) if known, the identity of the person to which the interest was transferred.

(c) Reporting equity interests.

(1) For an equity interest in a corporation, the reporting requirements of subsection (b)(2) of this section may be satisfied by reporting, instead of a dollar amount:

(i) the number of shares held; and

(ii) unless the corporation's stock is publicly traded, the percentage of equity interest held.

(2) For an equity interest in a partnership, limited liability company, or any other business entity, the reporting requirements of subsection (b)(2) of this section may be satisfied by reporting, instead of a dollar amount, the percentage of equity interest held.

(d) Reporting dividend reinvestments, etc.

For purposes of the reporting requirements of subsection (b)(3) of this section, only the manner of acquisition need be disclosed if:

(1) the interest was acquired by dividend or dividend reinvestment and consists solely of additions to existing, publicly traded corporate interests; and

(2) the total value of the acquisition is less than $500.