Maine Statutes § 1015-A Corporate contributions
Statute Text
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. [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; [2023, c. 244, §9(REEN).]
B.
Share 2 or more officers; [2023, c. 244, §9(REEN).]
C.
Are owned or controlled by the same majority shareholder or shareholders; [2023, c. 244, §9(REEN).]
C-1.
Are limited liability companies that are owned or controlled by the same majority member or members; or [2023, c. 244, §9(REEN).]
D.
Are in a parent-subsidiary relationship. [2023, c. 244, §9(REEN).]
[2023, c. 244, §9(REEN).]
2.
Sole proprietorships.
A sole proprietorship and its owner are treated as a single entity.
[2023, c. 244, §9(REEN).]
History
Added by 2023SP1 , c. 244 , § 9 , eff. 6/22/2023 .
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