Maryland Regulations § 19A.06.02.01 Substantive Requirements for Certification
Regulation Text
A.
A trust that complies with the appropriate procedural requirements of COMAR 19A.06.03, and that meets the substantive requirements set forth in Regulations .02-----.04 of this chapter, may be certified by the Commission as a blind trust for purposes of COMAR 19A.06.01.03R.
B.
A blind trust arrangement by an official or employee will be considered for certification only if in connection with the submission the official or employee certifies that:
(1)
All of the official's or employee's holdings at the time the trust is established will be subject to the trust unless otherwise specifically approved by the Commission; and
(2)
No new holdings will be purchased directly by the official or employee except as expressly approved by the Commission.
History
Regulation .01 amended effective April 7, 1997 (24:7 Md. R. 554)
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