Maryland Code § EL-14-105

Section EL-14-105
Open in Lexace · Ask the AI about this section
(a) Except as provided in subsection (f) of this section, an applicable
contribution made by an officer, director, or partner of a business entity doing public
business shall be attributed to the business entity.
(b) Except as provided in subsection (f) of this section, each officer, director,
or partner of a business entity doing public business who makes an applicable
contribution shall report the applicable contribution to the chief executive officer of
the business entity.

(c) An applicable contribution by an officer, director, partner, employee,
agent, or other person made at the suggestion or direction of a business entity doing
public business shall be attributed to the business entity.
(d) Each officer, director, partner, employee, agent, or other person who, at
the suggestion or direction of a business entity doing public business, makes an
applicable contribution shall report the applicable contribution to the chief executive
officer of the business entity.
(e) (1) Business done with a governmental entity by a subsidiary of a
business entity shall be attributed to the business entity.
(2) Applicable contributions made by or attributed to a subsidiary
shall be attributed to the business entity.
(f) (1) In this subsection:
(i) "officer" means an individual who serves as an
organization's president or chairman, vice-president or vice-chairman, secretary,
treasurer, or executive director, or any individual exercising duties comparable to
those typically exercised by an individual holding one of those titles in a nonprofit
organization; and
(ii) "officer" does not include an individual holding a title but
not exercising substantial independent responsibility on behalf of the organization
similar to the responsibility typically exercised by an individual holding one of the
titles under item (i) of this paragraph.
(2) Subject to paragraph (3) of this subsection, an applicable
contribution made by an individual who serves as a trustee or member of the board
of directors or as an officer of a nonprofit organization doing public business is not
attributable to the organization, and the individual is not required to report the
applicable contribution to the chief executive officer of the organization.
(3) This subsection does not apply if:
(i) the applicable contribution is made on the recommendation
of the nonprofit organization; or
(ii) the individual described in paragraph (2) of this subsection
is paid by the nonprofit organization.
(g) (1) A person doing public business shall maintain detailed and
accurate records of:

(i) contracts made by the person or attributed to the person
that cause the person to be doing public business; and
(ii) applicable contributions made by the person or attributed
to the person.
(2) Records required to be kept under this subsection shall be
preserved until the earlier of:
(i) 10 years after the creation of the record; or
(ii) 4 years after performance is completed on the contract that
caused the person to be doing public business.

‹ Prev All Maryland sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.