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).