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