Sec. 10.62.08.01. Definitions  


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  • A. In this chapter, the following terms have the meanings indicated.

    B. Terms Defined.

    (1) “Audited financial statement” means an audited financial statement that is:

    (a) Performed by a certified public accountant licensed or with practice privileges in Maryland pursuant to Business Occupations and Professions Article, Title 2, Annotated Code of Maryland;

    (b) Prepared in accordance with the Professional Standards of the American Institute of Certified Public Accountants; and

    (c) In the case of a publicly owned corporation, in conformity with the standards of the Public Company Oversight Board.

    (2) “License” means a license issued by the Commission to operate as a licensed grower.

    (3) “Licensee” means a licensed grower.