Maryland Code, BUSINESS REGULATION 6-415
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, BUSINESS REGULATION 6-415
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: A person or institution holding and administering property in trust.
An individual who is a director, officer, partner, or trustee of a charitable organization may not vote to authorize, approve, or ratify a contract or transaction related to charitable solicitations if the individual has a material financial interest or a material conflicting interest in the contract or transaction.