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Maine Statutes § 1015-A Corporate contributionsVersion dated Oct. 30, 2024

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 .