§1015-A. Corporate contributions
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL 1/01/23)
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 1991, c. 839, §12 (NEW).]
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 1991, c. 839, §12 (NEW).]
B. Share 2 or more officers; [PL 1991, c. 839, §12 (NEW).]
C. Are owned or controlled by the same majority shareholder or shareholders; [PL 2013, c. 334, §5 (AMD).]
C-1. Are limited liability companies that are owned or controlled by the same majority member or members; or [PL 2013, c. 334, §6 (NEW).]
D. Are in a parent-subsidiary relationship. [PL 1991, c. 839, §12 (NEW).]
[PL 2013, c. 334, §§5, 6 (AMD).]
2. Sole proprietorships. A sole proprietorship and its owner are treated as a single entity.
[PL 2007, c. 443, Pt. A, §15 (NEW).]
SECTION HISTORY
PL 1991, c. 839, §12 (NEW). PL 2007, c. 443, Pt. A, §15 (AMD). PL 2013, c. 334, §§5, 6 (AMD).