21-A §1015-A. Corporate contributions

Title 21-A: ELECTIONS

Chapter 13: CAMPAIGN REPORTS AND FINANCES

Subchapter 2: REPORTS ON CAMPAIGNS FOR OFFICE

§1015-A. Corporate contributions

Contributions made by a for-profit or a nonprofit corporation including a parent, subsidiary, branch, division, department or local unit of a corporation, and contributions made by a political committee or political action committee whose contribution or expenditure activities are financed, maintained or controlled by a corporation are considered to be made by that corporation, political committee or political action committee. [1991, c. 839, §12 (NEW).]

1. Single entities. Two or more entities are treated as a single entity if the entities:

A. Share the majority of members of their boards of directors; [1991, c. 839, §12 (NEW).]

B. Share 2 or more officers; [1991, c. 839, §12 (NEW).]

C. Are owned or controlled by the same majority shareholder or shareholders; or [1991, c. 839, §12 (NEW).]

D. Are in a parent-subsidiary relationship. [1991, c. 839, §12 (NEW).]

[ 1991, c. 839, §12 (NEW) .]

2. Sole proprietorships. A sole proprietorship and its owner are treated as a single entity.

[ 2007, c. 443, Pt. A, §15 (NEW) .]

SECTION HISTORY

1991, c. 839, §12 (NEW). 2007, c. 443, Pt. A, §15 (AMD).