(a) In this section, “owner” includes any type of owner or beneficiary of a business entity, including an officer, a director, a principal employee, a partner, an investor, a stockholder, or a beneficial owner of the business entity and, notwithstanding any other provision of this subtitle, a person having any ownership interest regardless of the percentage of ownership interest.
(b) Except as provided in subsection (c) of this section, a constitutional officer or a secretary of a principal department of the Executive Branch of the State government may not:
(1) Be an owner or an employee of any business entity that holds a license under this subtitle; or
(2) Have an official relationship to a business entity that holds a license under this subtitle.
(c) A constitutional officer or a secretary of a principal department of the Executive Branch of the State government may remain an owner or an employee of a business entity that holds a license under this subtitle if the constitutional officer or secretary was an owner or employee of the business entity before the constitutional officer’s election or appointment or the secretary’s appointment.
(d) A former member of the General Assembly, for the 1–year period immediately after the member leaves office, may not:
(1) Be an owner or an employee of any business entity that holds a license under this subtitle; or
(2) Have an official relationship with a business entity that holds a license under this subtitle.