Maine Revised Statutes Title 21-A Sec. 1015-A – Corporate contributions
Current as of: 2023 | Check for updates
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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. [PL 2023, c. 244, §9 (REEN).]
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; [PL 2023, c. 244, §9 (REEN).]
B. Share 2 or more officers; [PL 2023, c. 244, §9 (REEN).]
C. Are owned or controlled by the same majority shareholder or shareholders; [PL 2023, c. 244, §9 (REEN).]
C-1. Are limited liability companies that are owned or controlled by the same majority member or members; or [PL 2023, c. 244, §9 (REEN).]
D. Are in a parent-subsidiary relationship. [PL 2023, c. 244, §9 (REEN).]
[PL 2023, c. 244, §9 (REEN).]
Terms Used In Maine Revised Statutes Title 21-A Sec. 1015-A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72
- Political committee: means 2 or more persons associated for the purpose of promoting or defeating a candidate, party or principle. See Maine Revised Statutes Title 21-A Sec. 1
2. Sole proprietorships. A sole proprietorship and its owner are treated as a single entity.
[PL 2023, c. 244, §9 (REEN).]
SECTION HISTORY
PL 1991, c. 839, §12 (NEW). PL 2007, c. 443, Pt. A, §15 (AMD). PL 2013, c. 334, §§5, 6 (AMD). PL 2021, c. 274, §8 (RP). PL 2021, c. 274, §13 (AFF). PL 2023, c. 244, §9 (REEN).